Kangwon Land (XKRX:035250) ROCE % : 11.03% (As of Dec. 2023)

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What is Kangwon Land 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. Kangwon Land's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.03%.

Kangwon Land ROCE % Historical Data

The historical data trend for Kangwon Land'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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Kangwon Land ROCE % Chart

Kangwon Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.30

-11.34

-0.38

4.99

12.86

Kangwon Land 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															3.07	15.72	13.70	11.30	11.03

Kangwon Land ROCE % Calculation

Kangwon Land'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 )
	=	464900.215	/	( ( (4167752.671 - 687658.757)	+	(4448655.838 - 701132.109) )	/ 2 )
	=	464900.215	/	( (3480093.914	+	3747523.729)	/ 2 )
	=	464900.215	/	3613808.8215
	=	12.86 %

Kangwon Land'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 )
	=	410913.504	/	( ( (4350495.134 - 644411.441)	+	(4448655.838 - 701132.109) )	/ 2 )
	=	410913.504	/	( ( 3706083.693	+	3747523.729 )	/ 2 )
	=	410913.504	/	3726803.711
	=	11.03 %

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

Kangwon Land (XKRX:035250) 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.

Kangwon Land ROCE % Related Terms

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Kangwon Land (XKRX:035250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kangwon Land Inc (XKRX:035250) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

265 High1-Gil Sabuk-Eup, Jeongsun-Kun, Gangwon, KOR

Website

http://www.high1.com

Kangwon Land Inc is a casino and resort company. The business has six business segments that include Casino, Hotel, Holiday Unit, Golf Course, Skiing Ground, and Other. Kangwon operates numerous resorts and casinos that have table games and slot machines. The company's resorts also have condominium units. The Golf Course segment generates revenue from courses the company has built around its resorts. The Skiing Grounds segment is engaged in skiing tickets and rentals through the company's integrated ski resort. The Other business segment controls interests such as Kangwon's theme park. Kangwon Land generates the vast majority of its revenue in South Korea.

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