GS Engineeringnstruction (XKRX:006360) ROCE % : -12.11% (As of Dec. 2023)

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What is GS Engineeringnstruction 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. GS Engineeringnstruction's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.11%.

GS Engineeringnstruction ROCE % Historical Data

The historical data trend for GS Engineeringnstruction'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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GS Engineeringnstruction ROCE % Chart

GS Engineeringnstruction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.59

8.22

9.11

9.48

-2.39

GS Engineeringnstruction 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															1.74	12.06	-14.65	5.57	-12.11

GS Engineeringnstruction ROCE % Calculation

GS Engineeringnstruction'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 )
	=	-211205.033	/	( ( (16946616.697 - 8205470.645)	+	(17707298.538 - 8796223.078) )	/ 2 )
	=	-211205.033	/	( (8741146.052	+	8911075.46)	/ 2 )
	=	-211205.033	/	8826110.756
	=	-2.39 %

GS Engineeringnstruction'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 )
	=	-1081391.14	/	( ( (18113779.132 - 9163405.206)	+	(17707298.538 - 8796223.078) )	/ 2 )
	=	-1081391.14	/	( ( 8950373.926	+	8911075.46 )	/ 2 )
	=	-1081391.14	/	8930724.693
	=	-12.11 %

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

GS Engineeringnstruction (XKRX:006360) 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.

GS Engineeringnstruction ROCE % Related Terms

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GS Engineeringnstruction (XKRX:006360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GS Engineering & Construction Corp (XKRX:006360) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

GS Yeokjeon Tower, 537, Namdaemun-ro 5-ga, Joong-gu, Seoul, KOR, 100-722

Website

http://www.gsenc.com

GS Engineering & Construction Corp designs and develops projects for power, environment, infrastructure, buildings, and housing markets. Most projects and revenue come from Korea, but the company has a strong sales presence in the Middle East and Africa. It constructs plants and refineries for gas, waste and water treatment, and other industrial components. Also, the company builds offices, manufacturing facilities, and housing developments for both the public and private sectors. GS E&C operates in four business sectors: architecture business, infrastructure, pant, and power. Most sales come from the architecture business and plant sectors, and projects in these areas tend to be large, complex, with components of building automation.

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