Hyundai Glovis Co (XKRX:086280) ROCE % : 15.76% (As of Dec. 2023)

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What is Hyundai Glovis 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 Glovis Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.76%.

Hyundai Glovis Co ROCE % Historical Data

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

Hyundai Glovis Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.27

12.10

13.56

19.25

16.40

Hyundai Glovis 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															20.63	16.42	17.81	15.70	15.76

Hyundai Glovis Co ROCE % Calculation

Hyundai Glovis 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 )
	=	1623102.282	/	( ( (13877784.5 - 4343758.218)	+	(14725019.904 - 4467588.471) )	/ 2 )
	=	1623102.282	/	( (9534026.282	+	10257431.433)	/ 2 )
	=	1623102.282	/	9895728.8575
	=	16.40 %

Hyundai Glovis 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 )
	=	1608340.856	/	( ( (14747830.21 - 4591381.777)	+	(14725019.904 - 4467588.471) )	/ 2 )
	=	1608340.856	/	( ( 10156448.433	+	10257431.433 )	/ 2 )
	=	1608340.856	/	10206939.933
	=	15.76 %

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

Hyundai Glovis Co (XKRX:086280) 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.

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Hyundai Glovis Co (XKRX:086280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hyundai Glovis Co Ltd (XKRX:086280) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, Teheran-ro, Gangnam-gu, Seoul, KOR

Website

http://www.glovis.net

Hyundai Glovis Co Ltd is engaged in the comprehensive logistics business. The company offers vehicle transportation services, storage services, inbound and outbound logistics, domestic logistics services, general cargo, military logistics, and consulting services. It offers services to industries including steel, machinery, heavy industries, chemical, energy, and construction. The company provides systematic information on tracking, detention, estimated time of arrival through inbound and outbound logistics system.

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