4by4 (XKRX:389140) ROCE % : 92.30% (As of Mar. 2024)

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What is 4by4 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. 4by4's annualized ROCE % for the quarter that ended in Mar. 2024 was 92.30%.

4by4 ROCE % Historical Data

The historical data trend for 4by4'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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4by4 ROCE % Chart

4by4 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

17.06

21.48

17.14

-20.68

-35.34

4by4 Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							-11.33	-33.80	-29.41	-61.73	92.30

4by4 ROCE % Calculation

4by4'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 )
	=	-18526.797	/	( ( (66168.527 - 7032.456)	+	(67013.711 - 21286.276) )	/ 2 )
	=	-18526.797	/	( (59136.071	+	45727.435)	/ 2 )
	=	-18526.797	/	52431.753
	=	-35.34 %

4by4'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 )
	=	39817.632	/	( ( (67013.711 - 21286.276)	+	(61680.336 - 21130.83) )	/ 2 )
	=	39817.632	/	( ( 45727.435	+	40549.506 )	/ 2 )
	=	39817.632	/	43138.4705
	=	92.30 %

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

4by4 (XKRX:389140) 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.

4by4 ROCE % Related Terms

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4by4 (XKRX:389140) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » 4by4 Inc (XKRX:389140) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-14F, 479, Gangnam-daero, Seocho-gu, Seoul, KOR, 06541

Website

https://www.4by4inc.com

4by4 Inc is engaged in advertising motion picture and video production. The services offered by the company include VFX Film, Media Facade, Digital Signage, Product promotional video, 8K Visual content, Sync Multi-Vision, and Cellular Portable Terminal.

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