HMM (XKRX:011200) ROCE % : 8.59% (As of Mar. 2024)

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What is HMM 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. HMM's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.59%.

HMM ROCE % Historical Data

The historical data trend for HMM'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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HMM ROCE % Chart

HMM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.22

9.05

51.96

53.79

5.08

HMM 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															6.48	6.16	2.73	4.59	8.59

HMM ROCE % Calculation

HMM'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 )
	=	1212636	/	( ( (26066659 - 2051767)	+	(25713363 - 2001371) )	/ 2 )
	=	1212636	/	( (24014892	+	23711992)	/ 2 )
	=	1212636	/	23863442
	=	5.08 %

HMM'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 )
	=	2086460	/	( ( (25713363 - 2001371)	+	(27501959 - 2629950) )	/ 2 )
	=	2086460	/	( ( 23711992	+	24872009 )	/ 2 )
	=	2086460	/	24292000.5
	=	8.59 %

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

HMM (XKRX:011200) 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.

HMM ROCE % Related Terms

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HMM (XKRX:011200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » HMM (XKRX:011200) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

194 Yulgok-ro, Jongro-gu, Seoul, KOR, 03127

Website

http://www.hmm21.com

HMM is a transportation and logistics company, domiciled in South Korea. The company organizes itself into three segments: liner, bulk, and others. The liner unit, which contributes the majority of revenue, transports goods in shipping containers. The bulk unit, the next most significant segment, transports oil and chemicals using tankers, dry bulk commodities, and liquefied natural gas and liquefied petroleum gas. The company generates the largest portion of revenue from the Americas, followed by Europe and Asia.

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