Jinyoung Co (XKRX:285800) ROCE % : 0.33% (As of Mar. 2024)

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What is Jinyoung 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. Jinyoung Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.33%.

Jinyoung Co ROCE % Historical Data

The historical data trend for Jinyoung 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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Jinyoung Co ROCE % Chart

Jinyoung Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

13.58

38.05

23.73

-5.42

Jinyoung Co Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-1.07	-3.98	-9.19	-5.98	0.33

Jinyoung Co ROCE % Calculation

Jinyoung 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 )
	=	-2049.757	/	( ( (47507.439 - 14084.3)	+	(49155.226 - 6935.887) )	/ 2 )
	=	-2049.757	/	( (33423.139	+	42219.339)	/ 2 )
	=	-2049.757	/	37821.239
	=	-5.42 %

Jinyoung 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 )
	=	156.24	/	( ( (49155.226 - 6935.887)	+	(60229.86 - 7014.166) )	/ 2 )
	=	156.24	/	( ( 42219.339	+	53215.694 )	/ 2 )
	=	156.24	/	47717.5165
	=	0.33 %

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

Jinyoung Co (XKRX:285800) 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.

Jinyoung Co ROCE % Related Terms

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Jinyoung Co (XKRX:285800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Jinyoung Co Ltd (XKRX:285800) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

129 Majung-ro, Seo-gu, Incheon, KOR

Website

http://www.jyp21.co.kr

Jinyoung Co Ltd specializing in surface finishing sheet and edge for furniture business activity.

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