H&S Hightech (XKRX:044990) ROCE % : 46.04% (As of Dec. 2023)

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What is H&S Hightech 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. H&S Hightech's annualized ROCE % for the quarter that ended in Dec. 2023 was 46.04%.

H&S Hightech ROCE % Historical Data

The historical data trend for H&S Hightech'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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H&S Hightech ROCE % Chart

H&S Hightech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.98

9.27

30.83

40.42

46.04

H&S Hightech Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial					-8.98	9.27	30.83	40.42	46.04

H&S Hightech ROCE % Calculation

H&S Hightech'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 )
	=	34507.981	/	( ( (87794.256 - 26955.407)	+	(95968.496 - 6910.472) )	/ 2 )
	=	34507.981	/	( (60838.849	+	89058.024)	/ 2 )
	=	34507.981	/	74948.4365
	=	46.04 %

H&S Hightech'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	34507.981	/	( ( (87794.256 - 26955.407)	+	(95968.496 - 6910.472) )	/ 2 )
	=	34507.981	/	( ( 60838.849	+	89058.024 )	/ 2 )
	=	34507.981	/	74948.4365
	=	46.04 %

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

H&S Hightech (XKRX:044990) 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.

H&S Hightech ROCE % Related Terms

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H&S Hightech (XKRX:044990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » H&S Hightech Corp (XKRX:044990) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

62-7, Techno 1-ro, Yuseong-gu, Daejeon, KOR, 34014

Website

http://www.hnshightech.com

H&S Hightech Corp is a venture corporation. The company develops, manufactures and markets telecommunication component products.

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