Hanjin Transportation Co (XKRX:002320) ROCE % : 6.73% (As of Mar. 2024)

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What is Hanjin Transportation 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. Hanjin Transportation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.73%.

Hanjin Transportation Co ROCE % Historical Data

The historical data trend for Hanjin Transportation 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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Hanjin Transportation Co ROCE % Chart

Hanjin Transportation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.26

3.77

10.38

4.57

4.31

Hanjin Transportation Co 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															3.12	4.81	5.02	4.38	6.73

Hanjin Transportation Co ROCE % Calculation

Hanjin Transportation 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 )
	=	139504.243	/	( ( (4093197.692 - 799783.071)	+	(4201363.6 - 1028166.709) )	/ 2 )
	=	139504.243	/	( (3293414.621	+	3173196.891)	/ 2 )
	=	139504.243	/	3233305.756
	=	4.31 %

Hanjin Transportation Co'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 )
	=	211593.632	/	( ( (4201363.6 - 1028166.709)	+	(4199052.742 - 1087596.997) )	/ 2 )
	=	211593.632	/	( ( 3173196.891	+	3111455.745 )	/ 2 )
	=	211593.632	/	3142326.318
	=	6.73 %

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

Hanjin Transportation Co (XKRX:002320) 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.

Hanjin Transportation Co ROCE % Related Terms

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Hanjin Transportation Co (XKRX:002320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hanjin Transportation Co Ltd (XKRX:002320) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

63, Namdaemun-ro, 20th Floor Hanjin New Building, Jung-gu, Seoul, KOR

Website

http://www.hanjin.co.kr

Hanjin Transportation Co Ltd is engaged in providing transportation and logistics services in Korea. The company's services include 3PL (Third Party Logistics), global express, shipping, forwarding, packaging and moving, overseas business, stevedoring, small package delivery, inland transportation, warehousing, heavy cargo transportation and rent-a-car. The group operates in various markets including China, Central Asia, Southeast Asia, and Europe.

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