Daeduck Electronics (XKRX:353200) ROCE % : 3.75% (As of Mar. 2024)

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What is Daeduck Electronics 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. Daeduck Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.75%.

Daeduck Electronics ROCE % Historical Data

The historical data trend for Daeduck Electronics'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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Daeduck Electronics ROCE % Chart

Daeduck Electronics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-0.40

11.41

29.09

3.12

Daeduck Electronics Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											6.17	2.35	2.07	2.00	3.75

Daeduck Electronics ROCE % Calculation

Daeduck Electronics'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 )
	=	29297.521	/	( ( (1191756.988 - 265030.183)	+	(1127535.53 - 176728.998) )	/ 2 )
	=	29297.521	/	( (926726.805	+	950806.532)	/ 2 )
	=	29297.521	/	938766.6685
	=	3.12 %

Daeduck Electronics'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 )
	=	35200.044	/	( ( (1127535.53 - 176728.998)	+	(1128638.347 - 201122.124) )	/ 2 )
	=	35200.044	/	( ( 950806.532	+	927516.223 )	/ 2 )
	=	35200.044	/	939161.3775
	=	3.75 %

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

Daeduck Electronics (XKRX:353200) 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.

Daeduck Electronics ROCE % Related Terms

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Daeduck Electronics (XKRX:353200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daeduck Electronics (XKRX:353200) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

35320K:Korea

Address

230 Kangchon-ro, Danwon-gu, Gyeonggido, Ansan, KOR

Website

http://www.daeduck.com

Daeduck Electronics is a manufacturer of printed circuit boards (PCB) for semiconductor packaging. The company's products include ultra thin CSP, fcCSP, fcBGA, and System in Package. Its products are used in smartphones, networking, and automotive industry.

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