KOREA CABLE T V CHUNG-BUK SYSTEM Co (XKRX:066790) ROCE % : 27.70% (As of Dec. 2023)

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What is KOREA CABLE T V CHUNG-BUK SYSTEM 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. KOREA CABLE T V CHUNG-BUK SYSTEM Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.70%.

KOREA CABLE T V CHUNG-BUK SYSTEM Co ROCE % Historical Data

The historical data trend for KOREA CABLE T V CHUNG-BUK SYSTEM 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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KOREA CABLE T V CHUNG-BUK SYSTEM Co ROCE % Chart

KOREA CABLE T V CHUNG-BUK SYSTEM Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.84

-9.67

6.25

1.18

9.81

KOREA CABLE T V CHUNG-BUK SYSTEM 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															-3.90	3.45	4.22	5.01	27.70

KOREA CABLE T V CHUNG-BUK SYSTEM Co ROCE % Calculation

KOREA CABLE T V CHUNG-BUK SYSTEM 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 )
	=	2824.794	/	( ( (32092.326 - 3136.255)	+	(31552.489 - 2931.129) )	/ 2 )
	=	2824.794	/	( (28956.071	+	28621.36)	/ 2 )
	=	2824.794	/	28788.7155
	=	9.81 %

KOREA CABLE T V CHUNG-BUK SYSTEM 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 )
	=	7672.536	/	( ( (30507.4 - 3740.981)	+	(31552.489 - 2931.129) )	/ 2 )
	=	7672.536	/	( ( 26766.419	+	28621.36 )	/ 2 )
	=	7672.536	/	27693.8895
	=	27.70 %

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

KOREA CABLE T V CHUNG-BUK SYSTEM Co (XKRX:066790) 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.

KOREA CABLE T V CHUNG-BUK SYSTEM Co ROCE % Related Terms

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KOREA CABLE T V CHUNG-BUK SYSTEM Co (XKRX:066790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » KOREA CABLE T V CHUNG-BUK SYSTEM Co Ltd (XKRX:066790) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 Yongsan-dong, Chungju-si, Chungcheongbuk-do, KOR, 380-090

Website

http://www.ccstv.co.kr

KOREA CABLE T V CHUNG-BUK SYSTEM Co Ltd operate as a cable TV service provider in South Korea. The services offered by the company include digital cable TV, digital alay TV, cable TV, channel configurations, data broadcasting, and music broadcast.

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