Tokai Carbon Korea Co (XKRX:064760) ROCE % : 15.07% (As of Mar. 2024)

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What is Tokai Carbon Korea 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. Tokai Carbon Korea Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.07%.

Tokai Carbon Korea Co ROCE % Historical Data

The historical data trend for Tokai Carbon Korea 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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Tokai Carbon Korea Co ROCE % Chart

Tokai Carbon Korea Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.85

32.56

34.71

33.70

17.14

Tokai Carbon Korea 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															21.23	14.17	13.58	22.26	15.07

Tokai Carbon Korea Co ROCE % Calculation

Tokai Carbon Korea 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 )
	=	75278.818	/	( ( (480543.059 - 62254.946)	+	(495503.751 - 35178.76) )	/ 2 )
	=	75278.818	/	( (418288.113	+	460324.991)	/ 2 )
	=	75278.818	/	439306.552
	=	17.14 %

Tokai Carbon Korea 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 )
	=	69477.708	/	( ( (495503.751 - 35178.76)	+	(506061.015 - 44063.301) )	/ 2 )
	=	69477.708	/	( ( 460324.991	+	461997.714 )	/ 2 )
	=	69477.708	/	461161.3525
	=	15.07 %

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

Tokai Carbon Korea Co (XKRX:064760) 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.

Tokai Carbon Korea Co ROCE % Related Terms

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Tokai Carbon Korea Co (XKRX:064760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tokai Carbon Korea Co Ltd (XKRX:064760) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

71, Gaejeongsaneopdanji-ro, Miyang-myeon, Ansung-si, Gyeonggi-do, KOR

Website

http://www.tck.co.kr

Tokai Carbon Korea Co Ltd operates in semiconductor equipment and material business. It is mainly engaged in the manufacturing core parts and components for semiconductor, LED and solar energy industries. The company offers high purity graphite components, susceptors, SiC coated components, LED and semiconductor parts, processed semiconductor parts, heaters, and solid SiC components.

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