KidariStudio (XKRX:020120) ROCE % : 33.44% (As of Mar. 2024)

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What is KidariStudio 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. KidariStudio's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.44%.

KidariStudio ROCE % Historical Data

The historical data trend for KidariStudio'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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KidariStudio ROCE % Chart

KidariStudio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.78

2.64

3.78

-0.45

-9.92

KidariStudio 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															-2.57	-2.15	-3.40	-36.87	33.44

KidariStudio ROCE % Calculation

KidariStudio'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 )
	=	-27988.381	/	( ( (377747.851 - 75836.738)	+	(344327.903 - 81837.108) )	/ 2 )
	=	-27988.381	/	( (301911.113	+	262490.795)	/ 2 )
	=	-27988.381	/	282200.954
	=	-9.92 %

KidariStudio'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 )
	=	87724.432	/	( ( (344327.903 - 81837.108)	+	(347992.37 - 85821.325) )	/ 2 )
	=	87724.432	/	( ( 262490.795	+	262171.045 )	/ 2 )
	=	87724.432	/	262330.92
	=	33.44 %

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

KidariStudio (XKRX:020120) 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.

KidariStudio ROCE % Related Terms

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KidariStudio (XKRX:020120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » KidariStudio (XKRX:020120) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10F, Kukje Electronics Center, 1445-3, Seocho-Dong, Seocho-Gu, Yongin, KOR, 448160

Website

http://www.daouincube.com

KidariStudio is South Korea based representative content company engaged in developing various media content worldwide. It develops e-book, e-learning, and Webtoon content. The company publishes e-books in various fields, such as fantasy, martial arts, romance, BL, light novel, sensual novel, and other fields.

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