ADM Korea (XKRX:187660) ROCE % : -13.00% (As of Dec. 2023)

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What is ADM Korea 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. ADM Korea's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.00%.

ADM Korea ROCE % Historical Data

The historical data trend for ADM Korea'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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ADM Korea ROCE % Chart

ADM Korea Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.62

34.41

9.13

1.78

-8.41

ADM Korea Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										-2.24	-6.57	-3.77	-9.91	-13.00

ADM Korea ROCE % Calculation

ADM Korea'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 )
	=	-2565.176	/	( ( (46292.405 - 14207.022)	+	(44214.194 - 15296.656) )	/ 2 )
	=	-2565.176	/	( (32085.383	+	28917.538)	/ 2 )
	=	-2565.176	/	30501.4605
	=	-8.41 %

ADM Korea'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 )
	=	-3884.828	/	( ( (45815.678 - 14971.199)	+	(44214.194 - 15296.656) )	/ 2 )
	=	-3884.828	/	( ( 30844.479	+	28917.538 )	/ 2 )
	=	-3884.828	/	29881.0085
	=	-13.00 %

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

ADM Korea (XKRX:187660) 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.

ADM Korea ROCE % Related Terms

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ADM Korea (XKRX:187660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ADM Korea Inc (XKRX:187660) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.711, 19, Saemunanro5gil, Jongro-gu, Seoul, KOR, 03173

Website

http://www.admkorea.co.kr

ADM Korea Inc is a clinical service provider. Its services include clinical operations, project management, regulatory affairs, data management, statistical analysis, quality assurance and audit, product development, pharmacovigilance and others.

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