Hyundai Steel Co (XKRX:004020) ROCE % : -3.17% (As of Dec. 2023)

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What is Hyundai Steel 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. Hyundai Steel Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.17%.

Hyundai Steel Co ROCE % Historical Data

The historical data trend for Hyundai Steel 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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Hyundai Steel Co ROCE % Chart

Hyundai Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.38

-0.61

8.41

5.85

3.38

Hyundai Steel Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.85	5.62	6.90	3.90	-3.17

Hyundai Steel Co ROCE % Calculation

Hyundai Steel 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 )
	=	946025.087	/	( ( (36800955.83 - 8119176.425)	+	(35218841.93 - 7984156.917) )	/ 2 )
	=	946025.087	/	( (28681779.405	+	27234685.013)	/ 2 )
	=	946025.087	/	27958232.209
	=	3.38 %

Hyundai Steel 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-876649.436	/	( ( (35274467.675 - 7170173.005)	+	(35218841.93 - 7984156.917) )	/ 2 )
	=	-876649.436	/	( ( 28104294.67	+	27234685.013 )	/ 2 )
	=	-876649.436	/	27669489.8415
	=	-3.17 %

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

Hyundai Steel Co (XKRX:004020) 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.

Hyundai Steel Co ROCE % Related Terms

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Hyundai Steel Co (XKRX:004020) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

1 Sohnghyun-Dong Dong-Gu, Incheon, KOR, 401-712

Website

http://www.hyundai-steel.com

Hyundai Steel Company is a Korea-based company engaged in the manufacture of steel products. The company's products include hot-rolled steel plates, cold-rolled steel plates, medium steel plates, steel tubes, steel bars, H bars, special steel rods and other steel products. The company's products are used in shipbuilding, automotive production, construction, bridges, engineering, home appliances, oil pipes, container manufacturing, machineries and other industries. The company is also engaged in the manufacture of track chain, which is a major part of heavy-duty machineries. The company generates most of its revenue from Korean domestic market and exports its products to overseas market in the meanwhile.

Hyundai Steel Co (XKRX:004020) Headlines

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