Hyundai Elevator Co (XKRX:017800) ROCE % : -2.84% (As of Dec. 2023)

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What is Hyundai Elevator 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. Hyundai Elevator Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.84%.

Hyundai Elevator Co ROCE % Historical Data

The historical data trend for Hyundai Elevator 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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Hyundai Elevator Co ROCE % Chart

Hyundai Elevator Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.89

9.97

10.19

7.54

22.43

Hyundai Elevator 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															5.66	66.14	22.55	6.98	-2.84

Hyundai Elevator Co ROCE % Calculation

Hyundai Elevator 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 )
	=	447853.976	/	( ( (3014471.063 - 1222898.678)	+	(3535433.379 - 1333818.957) )	/ 2 )
	=	447853.976	/	( (1791572.385	+	2201614.422)	/ 2 )
	=	447853.976	/	1996593.4035
	=	22.43 %

Hyundai Elevator 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 )
	=	-63048.476	/	( ( (3427598.247 - 1194185.762)	+	(3535433.379 - 1333818.957) )	/ 2 )
	=	-63048.476	/	( ( 2233412.485	+	2201614.422 )	/ 2 )
	=	-63048.476	/	2217513.4535
	=	-2.84 %

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

Hyundai Elevator Co (XKRX:017800) 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.

Hyundai Elevator Co ROCE % Related Terms

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Hyundai Elevator Co (XKRX:017800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hyundai Elevator Co Ltd (XKRX:017800) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

San 136-1 Ami-ri, Bubal-eup, Icheon, Gyeonggi, KOR, 467-734

Website

http://www.hyundaielevator.co.kr

Hyundai Elevator Co Ltd, which is an affiliate of Hyundai Group, is a South Korea-based company that provides moving solutions. The company designs, installs and maintains elevators, escalators, moving walkways, automated material handling systems, parking systems for cars and bikes, platform screen doors, auto-sliding canopy, gap-zero and others. The company's products are used in shopping centers, hotels, department stores, airports, subways, large-scale sporting facilities, train stations, bus terminals, distribution centers, cold storage facilities, air cargo systems, and others.

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