Seoul City Gas Co (XKRX:017390) ROCE % : 8.77% (As of Mar. 2024)

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What is Seoul City Gas 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. Seoul City Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.77%.

Seoul City Gas Co ROCE % Historical Data

The historical data trend for Seoul City Gas 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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Seoul City Gas Co ROCE % Chart

Seoul City Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.16

14.89

0.48

1.95

2.23

Seoul City Gas 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															8.34	2.60	-2.74	0.71	8.77

Seoul City Gas Co ROCE % Calculation

Seoul City Gas 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 )
	=	29447.899	/	( ( (1871342.447 - 557406.644)	+	(1777219.78 - 446784.812) )	/ 2 )
	=	29447.899	/	( (1313935.803	+	1330434.968)	/ 2 )
	=	29447.899	/	1322185.3855
	=	2.23 %

Seoul City Gas 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 )
	=	117568.952	/	( ( (1777219.78 - 446784.812)	+	(1864401.18 - 514755.928) )	/ 2 )
	=	117568.952	/	( ( 1330434.968	+	1349645.252 )	/ 2 )
	=	117568.952	/	1340040.11
	=	8.77 %

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

Seoul City Gas Co (XKRX:017390) 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.

Seoul City Gas Co ROCE % Related Terms

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Seoul City Gas Co (XKRX:017390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Seoul City Gas Co Ltd (XKRX:017390) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

281 YeomChang-dong, Gangseo-gu, Seoul, KOR, 157-864

Website

http://www.seoulgas.co.kr

Seoul City Gas Co Ltd imports, distributes and supplies natural oil and gas. The company is mainly engaged in distributing of liquefied natural gas (LNG) to residential, commercial and industrial customers. In addition, it also offers integrated safety systems that link geographical information, supervisory control and data acquisition and management information systems.

Seoul City Gas Co (XKRX:017390) Headlines

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