Semyung Electric Machinery Co (XKRX:017510) ROCE % : 5.03% (As of Mar. 2024)

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What is Semyung Electric Machinery 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. Semyung Electric Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.03%.

Semyung Electric Machinery Co ROCE % Historical Data

The historical data trend for Semyung Electric Machinery 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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Semyung Electric Machinery Co ROCE % Chart

Semyung Electric Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.24

3.17

2.03

1.27

1.76

Semyung Electric Machinery Co 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															2.23	1.07	1.14	2.38	5.03

Semyung Electric Machinery Co ROCE % Calculation

Semyung Electric Machinery Co'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 )
	=	1421.087	/	( ( (82985.275 - 2104.643)	+	(83331.736 - 2740.496) )	/ 2 )
	=	1421.087	/	( (80880.632	+	80591.24)	/ 2 )
	=	1421.087	/	80735.936
	=	1.76 %

Semyung Electric Machinery Co'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 )
	=	4053.984	/	( ( (83331.736 - 2740.496)	+	(83454.339 - 2804.618) )	/ 2 )
	=	4053.984	/	( ( 80591.24	+	80649.721 )	/ 2 )
	=	4053.984	/	80620.4805
	=	5.03 %

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

Semyung Electric Machinery Co (XKRX:017510) 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.

Semyung Electric Machinery Co ROCE % Related Terms

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Semyung Electric Machinery Co (XKRX:017510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Semyung Electric Machinery Co Ltd (XKRX:017510) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

263-2 Hakjang-dong, Sasang-gu, Busan Metropolitan City, KOR, 617-844

Website

http://www.semyung-elec.com

Semyung Electric Machinery Co Ltd engaged in the manufacturing of fabricated metal products. It specializes in manufacturing electric power fittings used for electricity transmission and distribution. Its products include electric transmission line fittings used in electric power systems; sectional beams applied to mono and multi-filament, nylon, polyester, and other textile industry, as well as catenary fittings and connection fittings used for subway and railway.

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