Asflow Co (XKRX:159010) ROCE % : 14.77% (As of Mar. 2024)

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What is Asflow 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. Asflow Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.77%.

Asflow Co ROCE % Historical Data

The historical data trend for Asflow 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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Asflow Co ROCE % Chart

Asflow Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.53

18.63

9.63

19.87

9.03

Asflow Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									21.76	15.79	9.07	-9.81	14.77

Asflow Co ROCE % Calculation

Asflow 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 )
	=	5844.731	/	( ( (111359.878 - 50421.519)	+	(130159.314 - 61706.876) )	/ 2 )
	=	5844.731	/	( (60938.359	+	68452.438)	/ 2 )
	=	5844.731	/	64695.3985
	=	9.03 %

Asflow 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 )
	=	10478.36	/	( ( (130159.314 - 61706.876)	+	(139305.106 - 65856.803) )	/ 2 )
	=	10478.36	/	( ( 68452.438	+	73448.303 )	/ 2 )
	=	10478.36	/	70950.3705
	=	14.77 %

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

Asflow Co (XKRX:159010) 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.

Asflow Co ROCE % Related Terms

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Asflow Co (XKRX:159010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asflow Co Ltd (XKRX:159010) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

38, Jeongnamsandan-ro, Jeongnam-myeon, Gyeonggi-do, Hwaseong-si, KOR

Website

http://www.asflow.com

Asflow Co Ltd is a technologically innovative parts and materials company specializing in manufacturing high-clean piping parts used in semiconductor equipment and high-purity special gas lines.

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