Hyundai Engineeringnstruction Co (XKRX:000720) ROCE % : 6.42% (As of Dec. 2023)

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What is Hyundai Engineeringnstruction 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 Engineeringnstruction Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.42%.

Hyundai Engineeringnstruction Co ROCE % Historical Data

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

Hyundai Engineeringnstruction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.80

4.13

7.76

6.60

7.87

Hyundai Engineeringnstruction 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															-4.49	7.75	8.00	8.90	6.42

Hyundai Engineeringnstruction Co ROCE % Calculation

Hyundai Engineeringnstruction 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 )
	=	1003607	/	( ( (20911708 - 8757397)	+	(23714495 - 10356647) )	/ 2 )
	=	1003607	/	( (12154311	+	13357848)	/ 2 )
	=	1003607	/	12756079.5
	=	7.87 %

Hyundai Engineeringnstruction 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 )
	=	863692	/	( ( (23042465 - 9507619)	+	(23714495 - 10356647) )	/ 2 )
	=	863692	/	( ( 13534846	+	13357848 )	/ 2 )
	=	863692	/	13446347
	=	6.42 %

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

Hyundai Engineeringnstruction Co (XKRX:000720) 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 Engineeringnstruction Co ROCE % Related Terms

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Hyundai Engineeringnstruction Co (XKRX:000720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hyundai Engineering & Construction Co Ltd (XKRX:000720) » Definitions » ROCE %

Traded in Other Exchanges

000725:Korea

Address

Hyundai Building 75, Yulgok-ro, Jongno-gu, Seoul, KOR, 110920

Website

http://en.hdec.kr

Hyundai Engineering & Construction Co Ltd works in the construction industry, and has completed civil, building, plant, and energy projects. It constructs buildings, structures, and infrastructure primarily geared toward transportation, power stations, gas facilities, and real estate. The company operates four business segments: building works, civil works, plant works/electrical works, and other. Procuring materials and delivering timely performance to develop large, complex structures are focuses of the business. The company has a strong sales presence in its home country of Korea, but it derives the majority of its sales from international projects in Asia, Africa, and other regions.

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