Dongkuk Steel Mill Co (XKRX:460860) ROCE % : -4.47% (As of Dec. 2024)

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What is Dongkuk Steel Mill Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Dongkuk Steel Mill Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.47%.

Dongkuk Steel Mill Co ROCE % Historical Data

The historical data trend for Dongkuk Steel Mill Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dongkuk Steel Mill Co ROCE % Chart

Dongkuk Steel Mill Co Annual Data

Trend

Dec23

Dec24

ROCE %

11.50

5.18

Dongkuk Steel Mill Co Quarterly Data
	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial			15.29	10.74	8.92	5.16	-4.47

Dongkuk Steel Mill Co ROCE % Calculation

Dongkuk Steel Mill Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	101660.003	/	( ( (3531787.086 - 1531727.718)	+	(3194015.021 - 1271534.776) )	/ 2 )
	=	101660.003	/	( (2000059.368	+	1922480.245)	/ 2 )
	=	101660.003	/	1961269.8065
	=	5.18 %

Dongkuk Steel Mill Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-87450.48	/	( ( (3332231.491 - 1340443.729)	+	(3194015.021 - 1271534.776) )	/ 2 )
	=	-87450.48	/	( ( 1991787.762	+	1922480.245 )	/ 2 )
	=	-87450.48	/	1957134.0035
	=	-4.47 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Dongkuk Steel Mill Co (XKRX:460860) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Dongkuk Steel Mill Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dongkuk Steel Mill Co Ltd (XKRX:460860) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR

Website

https://www.dongkuksteel.com

Dongkuk Steel Mill Co Ltd is a Korean steel company that manufactures steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bars, Seismic-Resistant Bars, channels, Threaded Bars, and steel plates.

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