Gilgyo E&C Co (XKRX:456700) ROCE % : 4.17% (As of Dec. 2023)

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What is Gilgyo E&C 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. Gilgyo E&C Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.17%.

Gilgyo E&C Co ROCE % Historical Data

The historical data trend for Gilgyo E&C 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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Gilgyo E&C Co ROCE % Chart

Gilgyo E&C Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.16

30.00

2.52

4.85

4.17

Gilgyo E&C Co Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			33.16	30.00	2.52	4.85	4.17

Gilgyo E&C Co ROCE % Calculation

Gilgyo E&C 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 )
	=	633.418	/	( ( (16292.558 - 3510.191)	+	(20543.246 - 2936.569) )	/ 2 )
	=	633.418	/	( (12782.367	+	17606.677)	/ 2 )
	=	633.418	/	15194.522
	=	4.17 %

Gilgyo E&C 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	633.418	/	( ( (16292.558 - 3510.191)	+	(20543.246 - 2936.569) )	/ 2 )
	=	633.418	/	( ( 12782.367	+	17606.677 )	/ 2 )
	=	633.418	/	15194.522
	=	4.17 %

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

Gilgyo E&C Co (XKRX:456700) 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.

Gilgyo E&C Co ROCE % Related Terms

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Gilgyo E&C Co (XKRX:456700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gilgyo E&C Co Ltd (XKRX:456700) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

306 Cheolcheol-ro, Nam-gu, Gyeongsangbuk-do, Pohang-si, KOR

Website

http://www.Gilgyo.com

Gilgyo E&C Co Ltd operates in the design and construction of bridges. It designs, manufactures, and installation of steel composite ramen bridges, girder bridges, and monolithic bridges.

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