TKG Huchems (XKRX:069260) ROCE % : 18.59% (As of Mar. 2024)

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What is TKG Huchems 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. TKG Huchems's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.59%.

TKG Huchems ROCE % Historical Data

The historical data trend for TKG Huchems'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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TKG Huchems ROCE % Chart

TKG Huchems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.85

10.29

13.81

13.69

18.38

TKG Huchems 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															29.19	24.73	15.31	5.77	18.59

TKG Huchems ROCE % Calculation

TKG Huchems'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 )
	=	153641.535	/	( ( (941352.875 - 156580.123)	+	(1099714.172 - 212375.604) )	/ 2 )
	=	153641.535	/	( (784772.752	+	887338.568)	/ 2 )
	=	153641.535	/	836055.66
	=	18.38 %

TKG Huchems'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 )
	=	164318.52	/	( ( (1099714.172 - 212375.604)	+	(1131528.15 - 250799.921) )	/ 2 )
	=	164318.52	/	( ( 887338.568	+	880728.229 )	/ 2 )
	=	164318.52	/	884033.3985
	=	18.59 %

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

TKG Huchems (XKRX:069260) 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.

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TKG Huchems (XKRX:069260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TKG Huchems Corp (XKRX:069260) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

19 Floor, 173, Toigye-ro, Jung-gu, Seoul, KOR

Website

http://tkg.huchems.com

TKG Huchems Corp is a Korea based company, which operates as a chemical product manufacturer. It provides materials of fine chemical such as Nitric acid, DNT, MNB and Ammonium Nitrate. The business activity of the group is carried out through two divisions namely Chemical and Environment-Friendly division. The Chemical division provides fine chemicals and basic chemicals and the Environment-Friendly division includes a clean development mechanism (CDM) project and urea solution.

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