KG Dongbusteel (XKRX:016380) ROCE % : 12.46% (As of Mar. 2024)

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What is KG Dongbusteel 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. KG Dongbusteel's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.46%.

KG Dongbusteel ROCE % Historical Data

The historical data trend for KG Dongbusteel'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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KG Dongbusteel ROCE % Chart

KG Dongbusteel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.45

6.24

15.00

19.78

14.50

KG Dongbusteel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.32	13.45	14.04	15.63	12.46

KG Dongbusteel ROCE % Calculation

KG Dongbusteel's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	360393.307	/	( ( (3051507.327 - 648409.557)	+	(3195514.054 - 626542.464) )	/ 2 )
	=	360393.307	/	( (2403097.77	+	2568971.59)	/ 2 )
	=	360393.307	/	2486034.68
	=	14.50 %

KG Dongbusteel's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	319730.596	/	( ( (3195514.054 - 626542.464)	+	(3192244.689 - 628962.989) )	/ 2 )
	=	319730.596	/	( ( 2568971.59	+	2563281.7 )	/ 2 )
	=	319730.596	/	2566126.645
	=	12.46 %

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

KG Dongbusteel (XKRX:016380) 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.

KG Dongbusteel ROCE % Related Terms

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KG Dongbusteel (XKRX:016380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » KG Dongbusteel (XKRX:016380) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Seoul Square Building, 416, Hangang-daero, 7th Floor, Jung-gu, Seoul, KOR, 3450-8178

Website

http://www.dongbusteel.co.kr

KG Dongbusteel is a Korea based company engaged in manufacturing of steel products. It serves automobile, electronics, and construction industry. The company offers various steel products including hot-rolled steel sheet, cold rolled steel sheet, galvanized steel sheet, pre-coated metal sheet, tin plate, tin free steel, pipe, H-beam and pre-engineered metal building systems.

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