Dream Security Co (XKRX:203650) ROCE % : 34.68% (As of Dec. 2023)

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What is Dream Security 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. Dream Security Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.68%.

Dream Security Co ROCE % Historical Data

The historical data trend for Dream Security 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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Dream Security Co ROCE % Chart

Dream Security Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.82

10.85

11.67

11.03

21.48

Dream Security 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															9.99	18.18	11.81	13.67	34.68

Dream Security Co ROCE % Calculation

Dream Security 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 )
	=	41071.022	/	( ( (390836.741 - 183805.015)	+	(405940.376 - 230586.352) )	/ 2 )
	=	41071.022	/	( (207031.726	+	175354.024)	/ 2 )
	=	41071.022	/	191192.875
	=	21.48 %

Dream Security 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 )
	=	59619.296	/	( ( (403828.175 - 235319.794)	+	(405940.376 - 230586.352) )	/ 2 )
	=	59619.296	/	( ( 168508.381	+	175354.024 )	/ 2 )
	=	59619.296	/	171931.2025
	=	34.68 %

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

Dream Security Co (XKRX:203650) 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.

Dream Security Co ROCE % Related Terms

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Dream Security Co (XKRX:203650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dream Security Co Ltd (XKRX:203650) » Definitions » ROCE %

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Address

Songpa-gu, Seoul, Korea 8 Road 8 Dream Security, Bldg 3-7, Songpa-gu, Seoul, KOR

Website

http://www.dreamsecurity.com

Dream Security Co Ltd is a South Korea based company. It is engaged in the development and construction of authentication security solution. The company also offers authentication service, system integration (SI) & maintenance, and security consultation.

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