MagnaChip Semiconductor (STU:SMG) ROCE % : -17.20% (As of Mar. 2024)

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What is MagnaChip Semiconductor 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. MagnaChip Semiconductor's annualized ROCE % for the quarter that ended in Mar. 2024 was -17.20%.

MagnaChip Semiconductor ROCE % Historical Data

The historical data trend for MagnaChip Semiconductor'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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MagnaChip Semiconductor ROCE % Chart

MagnaChip Semiconductor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.88

6.42

17.36

-0.37

-10.91

MagnaChip Semiconductor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-19.75	-6.42	-9.60	-8.55	-17.20

MagnaChip Semiconductor ROCE % Calculation

MagnaChip Semiconductor'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 )
	=	-42.852	/	( ( (487.713 - 44.599)	+	(385.59 - 42.996) )	/ 2 )
	=	-42.852	/	( (443.114	+	342.594)	/ 2 )
	=	-42.852	/	392.854
	=	-10.91 %

MagnaChip Semiconductor'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 )
	=	-59.628	/	( ( (385.59 - 42.996)	+	(392.071 - 41.293) )	/ 2 )
	=	-59.628	/	( ( 342.594	+	350.778 )	/ 2 )
	=	-59.628	/	346.686
	=	-17.20 %

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

MagnaChip Semiconductor (STU:SMG) 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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MagnaChip Semiconductor (STU:SMG) Business Description

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Address

76 Jikji-daero 436beon-gil, Heungdeok-gu, 15th Floor, Chungcheongbuk-do, Cheongju-si, KOR, 28581

Website

http://www.magnachip.com

MagnaChip Semiconductor Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communications, Internet of Things applications, consumer, industrial and automotive applications. The company's product portfolio consists of large display solutions, mobile display solutions, sensor solutions, LED solutions, mobile solutions, and power conversions. The company operates in two segments namely Transitional Fab 3 foundry services and Standard products business.