Heerim Architects & Planners Co (XKRX:037440) ROCE % : 23.59% (As of Dec. 2023)

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What is Heerim Architects & Planners 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. Heerim Architects & Planners Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.59%.

Heerim Architects & Planners Co ROCE % Historical Data

The historical data trend for Heerim Architects & Planners 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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Heerim Architects & Planners Co ROCE % Chart

Heerim Architects & Planners Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.69

12.09

12.81

14.16

10.32

Heerim Architects & Planners Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															27.87	8.79	7.78	1.38	23.59

Heerim Architects & Planners Co ROCE % Calculation

Heerim Architects & Planners 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 )
	=	9092.87	/	( ( (199126.906 - 112605.003)	+	(193507.327 - 103785.447) )	/ 2 )
	=	9092.87	/	( (86521.903	+	89721.88)	/ 2 )
	=	9092.87	/	88121.8915
	=	10.32 %

Heerim Architects & Planners Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	20832.668	/	( ( (188747.204 - 101857.2)	+	(193507.327 - 103785.447) )	/ 2 )
	=	20832.668	/	( ( 86890.004	+	89721.88 )	/ 2 )
	=	20832.668	/	88305.942
	=	23.59 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Heerim Architects & Planners Co (XKRX:037440) 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.

Heerim Architects & Planners Co ROCE % Related Terms

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Heerim Architects & Planners Co (XKRX:037440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Heerim Architects & Planners Co Ltd (XKRX:037440) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Heerim Building 12, Gwangpyeong-ro56-gil, Gangnam-gu, Seoul, KOR, 135-885

Website

http://www.heerim.com

Heerim Architects & Planners Co Ltd is involved in providing architectural services in South Korea and internationally. The company offers architectural design, interior design, landscape design, building remodeling, lighting design, urban planning design, sustainable design, business planning, architecture research, construction management, construction supervision, and construction administration service.

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