Pj Metal Co (XKRX:128660) ROCE % : 27.16% (As of Dec. 2023)

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What is Pj Metal 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. Pj Metal Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.16%.

Pj Metal Co ROCE % Historical Data

The historical data trend for Pj Metal 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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Pj Metal Co ROCE % Chart

Pj Metal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.28

13.69

44.41

13.86

26.80

Pj Metal 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															40.27	6.23	10.51	-5.57	27.16

Pj Metal Co ROCE % Calculation

Pj Metal 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 )
	=	20191.789	/	( ( (113095.309 - 47674.89)	+	(134241.157 - 49003.218) )	/ 2 )
	=	20191.789	/	( (65420.419	+	85237.939)	/ 2 )
	=	20191.789	/	75329.179
	=	26.80 %

Pj Metal 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 )
	=	21775.512	/	( ( (128614.367 - 53486.748)	+	(134241.157 - 49003.218) )	/ 2 )
	=	21775.512	/	( ( 75127.619	+	85237.939 )	/ 2 )
	=	21775.512	/	80182.779
	=	27.16 %

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

Pj Metal Co (XKRX:128660) 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.

Pj Metal Co ROCE % Related Terms

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Pj Metal Co (XKRX:128660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pj Metal Co Ltd (XKRX:128660) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

gangnamgu tehelanlo 81 gil 13, samseongdong dong-won bilding 11 cheung, Seoul, KOR, 135-502

Website

http://www.pjmetal.co.kr

Pj Metal Co Ltd manufactures basic precious and non-ferrous metals. The company produces aluminum deoxidizer and supplies to POSCO's steel mill in Gwangyang. The company also manufactures other types of deoxidizers.

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