Nara Mold & Die Co (XKRX:051490) ROCE % : 13.22% (As of Mar. 2024)

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What is Nara Mold & Die 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. Nara Mold & Die Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.22%.

Nara Mold & Die Co ROCE % Historical Data

The historical data trend for Nara Mold & Die 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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Nara Mold & Die Co ROCE % Chart

Nara Mold & Die Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.49

3.67

6.83

14.91

12.26

Nara Mold & Die Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.78	17.95	14.94	-1.47	13.22

Nara Mold & Die Co ROCE % Calculation

Nara Mold & Die 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 )
	=	12692.006	/	( ( (235911.332 - 136253.928)	+	(249184.894 - 141842.152) )	/ 2 )
	=	12692.006	/	( (99657.404	+	107342.742)	/ 2 )
	=	12692.006	/	103500.073
	=	12.26 %

Nara Mold & Die 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 )
	=	14512.952	/	( ( (249184.894 - 141842.152)	+	(237585.796 - 125327.711) )	/ 2 )
	=	14512.952	/	( ( 107342.742	+	112258.085 )	/ 2 )
	=	14512.952	/	109800.4135
	=	13.22 %

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

Nara Mold & Die Co (XKRX:051490) 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.

Nara Mold & Die Co ROCE % Related Terms

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Nara Mold & Die Co (XKRX:051490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nara Mold & Die Co Ltd (XKRX:051490) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50-1, Sungju-dong, Gyeongsangnam-do, Changwon-si, KOR, 641-120

Website

http://www.naramnd.com

Nara Mold & Die Co Ltd is a Korea based company engaged in the business of manufacturing press die and plastic molds. The products offered by the company are for electronic appliances, display, automobiles, and mobile phone. The organization is involved in the business field of High Precision and Large Press Die; Compact Precision and Large Plastic Injection Mold; and Mass production of parts and components. The organization has a business presence in Korea and other countries.

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