OCI (XKRX:456040) ROCE % : 17.13% (As of Mar. 2024)

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What is OCI 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. OCI's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.13%.

OCI ROCE % Historical Data

The historical data trend for OCI'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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OCI ROCE % Chart

OCI Annual Data

Trend

Dec23

ROCE %

7.28

OCI Quarterly Data
	Jun23	Sep23	Dec23	Mar24
ROCE %	-	11.91	9.68	17.13

OCI ROCE % Calculation

OCI'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: . 20 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: . 20 )		(A: Dec. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

OCI'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 )
	=	217723.9	/	( ( (1990471.193 - 861688.555)	+	(2308758.132 - 895325.215) )	/ 2 )
	=	217723.9	/	( ( 1128782.638	+	1413432.917 )	/ 2 )
	=	217723.9	/	1271107.7775
	=	17.13 %

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

OCI (XKRX:456040) 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.

OCI ROCE % Related Terms

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OCI (XKRX:456040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » OCI (XKRX:456040) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

94, Sogong-ro, Jung-gu, Seoul, KOR, 100-718

Website

https://www.oci.co.kr

OCI is engaged in Solar PV Business, ESS (Energy Storage System), Cogeneration, Urban development projects, and Pharmaceutical-Bio business. The company will operate in Korea, China, and the United States.

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