Igloo (XKRX:067920) ROCE % : 49.40% (As of Dec. 2023)

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What is Igloo 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. Igloo's annualized ROCE % for the quarter that ended in Dec. 2023 was 49.40%.

Igloo ROCE % Historical Data

The historical data trend for Igloo'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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Igloo ROCE % Chart

Igloo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.36

10.31

11.43

15.26

12.45

Igloo 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															60.15	-3.99	3.09	1.83	49.40

Igloo ROCE % Calculation

Igloo'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 )
	=	9316.012	/	( ( (91031.844 - 18480.131)	+	(94442.805 - 17342.464) )	/ 2 )
	=	9316.012	/	( (72551.713	+	77100.341)	/ 2 )
	=	9316.012	/	74826.027
	=	12.45 %

Igloo'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 )
	=	36621.672	/	( ( (88866.668 - 17703.466)	+	(94442.805 - 17342.464) )	/ 2 )
	=	36621.672	/	( ( 71163.202	+	77100.341 )	/ 2 )
	=	36621.672	/	74131.7715
	=	49.40 %

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

Igloo (XKRX:067920) 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.

Igloo ROCE % Related Terms

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Igloo (XKRX:067920) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Igloo Corp (XKRX:067920) » Definitions » ROCE %

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Address

7, Jeongui-ro 8-gil, 6th Floor, Songpa-gu, Seoul, KOR, 135-090

Website

http://www.igloosec.co.kr

Igloo Corp is an information security company. It develops and offers various security solutions and services in diverse areas from network to endpoint. The company offered solutions including Spider TM, LIGER-1, Escort, KiMO, WEBMON and Smart(Guard). In addition, the organization also provides services such as managed security, security consulting, IGLOO school and SOC planning. The company's business areas are Solution business which comprises next-generation enterprise security management solution, physical security information management and security solution retails; Enterprise security management business which includes dispatched security management and training, remote control security management and managing security operation centers; and Security consulting business.

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