Wooree Bio Co (XKRX:082850) ROCE % : 9.54% (As of Mar. 2024)

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What is Wooree Bio 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. Wooree Bio Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.54%.

Wooree Bio Co ROCE % Historical Data

The historical data trend for Wooree Bio 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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Wooree Bio Co ROCE % Chart

Wooree Bio Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.70

16.23

23.66

14.98

10.62

Wooree Bio 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															5.06	15.58	22.99	-0.79	9.54

Wooree Bio Co ROCE % Calculation

Wooree Bio 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 )
	=	27780.991	/	( ( (558937.283 - 304306.831)	+	(585540.402 - 317144.498) )	/ 2 )
	=	27780.991	/	( (254630.452	+	268395.904)	/ 2 )
	=	27780.991	/	261513.178
	=	10.62 %

Wooree Bio 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 )
	=	26274.82	/	( ( (585540.402 - 317144.498)	+	(593557.257 - 311318.978) )	/ 2 )
	=	26274.82	/	( ( 268395.904	+	282238.279 )	/ 2 )
	=	26274.82	/	275317.0915
	=	9.54 %

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

Wooree Bio Co (XKRX:082850) 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.

Wooree Bio Co ROCE % Related Terms

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Wooree Bio Co (XKRX:082850) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wooree Bio Co Ltd (XKRX:082850) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

79, Seonggok-ro, Danwon-gu, Kyunggy-do, Ansan-si, KOR

Website

http://www.wooreeeti.co.kr

Wooree Bio Co Ltd, formerly Wooree Eti Co Ltd is a South Korean based company engaged in the manufacturing of flexible printed circuit board (FPCB) and Cold Cathode Fluorescent Lamps. It primarily offers single side FPCB, double side FPCB, multi-layer FPCB and rigid FPCB products. The single side FPCB products used for back light units, printers and others; double side FPCB products for LCD and TSP modules, BLUs, and PDAs; multilayer FPCB products for mobile phones, TSP modules, and computers; and rigid FPCB products for mobile phones, routers, switches, and precise military equipment and medical devices. Geographically activities are carried out through South Korea.

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