Daewoo Engineeringnstruction Co (XKRX:047040) ROCE % : 13.01% (As of Dec. 2023)

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What is Daewoo Engineeringnstruction 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. Daewoo Engineeringnstruction Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.01%.

Daewoo Engineeringnstruction Co ROCE % Historical Data

The historical data trend for Daewoo Engineeringnstruction 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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Daewoo Engineeringnstruction Co ROCE % Chart

Daewoo Engineeringnstruction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.50

10.73

13.49

14.25

14.99

Daewoo Engineeringnstruction 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															14.46	11.31	23.19	11.93	13.01

Daewoo Engineeringnstruction Co ROCE % Calculation

Daewoo Engineeringnstruction 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 )
	=	895459.336	/	( ( (11140353.752 - 5406234.805)	+	(11243136.483 - 5033466.228) )	/ 2 )
	=	895459.336	/	( (5734118.947	+	6209670.255)	/ 2 )
	=	895459.336	/	5971894.601
	=	14.99 %

Daewoo Engineeringnstruction 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 )
	=	806048.016	/	( ( (11341974.564 - 5158501.656)	+	(11243136.483 - 5033466.228) )	/ 2 )
	=	806048.016	/	( ( 6183472.908	+	6209670.255 )	/ 2 )
	=	806048.016	/	6196571.5815
	=	13.01 %

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

Daewoo Engineeringnstruction Co (XKRX:047040) 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.

Daewoo Engineeringnstruction Co ROCE % Related Terms

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Daewoo Engineeringnstruction Co (XKRX:047040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Daewoo Engineering & Construction Co Ltd (XKRX:047040) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Sinmunno 1-ga, Daewoo E&C 57, Jongno-gu, Seoul, KOR, 110-713

Website

http://www.daewooenc.com

Daewoo Engineering & Construction Co Ltd develops complex structures and buildings for various end markets. It operates four business divisions: Civil Project, Building Works, Plants, and Housing. The company constructs roads, bridges, railways, offices, factories, apartments, and various power plants. It works in various stages of the construction process and will partner with developers to meet clients' needs. Many of the projects are highly technical with a lot of moving components, so planning and acquiring the right resources becomes an important part of the process. The majority of revenue is derived from Korea, but it will take orders for projects outside the country.

Daewoo Engineeringnstruction Co (XKRX:047040) Headlines

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