Kyungdong Invest Co (XKRX:012320) ROCE % : 14.51% (As of Dec. 2023)

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What is Kyungdong Invest 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. Kyungdong Invest Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.51%.

Kyungdong Invest Co ROCE % Historical Data

The historical data trend for Kyungdong Invest 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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Kyungdong Invest Co ROCE % Chart

Kyungdong Invest Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.79

3.94

3.61

3.47

5.09

Kyungdong Invest 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															7.18	3.92	3.96	-1.86	14.51

Kyungdong Invest Co ROCE % Calculation

Kyungdong Invest 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 )
	=	26948.016	/	( ( (586813.598 - 65544.893)	+	(606915.246 - 69571.032) )	/ 2 )
	=	26948.016	/	( (521268.705	+	537344.214)	/ 2 )
	=	26948.016	/	529306.4595
	=	5.09 %

Kyungdong Invest 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 )
	=	77090.664	/	( ( (598284.024 - 72860.829)	+	(606915.246 - 69571.032) )	/ 2 )
	=	77090.664	/	( ( 525423.195	+	537344.214 )	/ 2 )
	=	77090.664	/	531383.7045
	=	14.51 %

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

Kyungdong Invest Co (XKRX:012320) 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.

Kyungdong Invest Co ROCE % Related Terms

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Kyungdong Invest Co (XKRX:012320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Kyungdong Invest Co Ltd (XKRX:012320) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Gyeongdong, Seongnam-si, Bundang-gu, Seoul, KOR, 13595

Website

http://www.kdinvest.co.kr

Kyungdong Invest Co Ltd is engaged in the city gas supply business. It serves large-scale buyers and city gas companies such as fire-fighting and district heating corporations. In addition, the company is engaged in piping supply and sales and gas equipment manufacturing and sales.

Kyungdong Invest Co (XKRX:012320) Headlines

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