E-World Co (XKRX:084680) ROCE % : -7.79% (As of Dec. 2023)

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What is E-World 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. E-World Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.79%.

E-World Co ROCE % Historical Data

The historical data trend for E-World 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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E-World Co ROCE % Chart

E-World Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.83

-4.04

-4.75

4.12

0.17

E-World 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															4.55	3.28	3.22	0.99	-7.79

E-World Co ROCE % Calculation

E-World 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 )
	=	487.434	/	( ( (431705.015 - 123652.911)	+	(421666.524 - 155215.536) )	/ 2 )
	=	487.434	/	( (308052.104	+	266450.988)	/ 2 )
	=	487.434	/	287251.546
	=	0.17 %

E-World 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 )
	=	-21013.748	/	( ( (426234.643 - 153450.556)	+	(421666.524 - 155215.536) )	/ 2 )
	=	-21013.748	/	( ( 272784.087	+	266450.988 )	/ 2 )
	=	-21013.748	/	269617.5375
	=	-7.79 %

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

E-World Co (XKRX:084680) 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.

E-World Co ROCE % Related Terms

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E-World Co (XKRX:084680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » E-World Co Ltd (XKRX:084680) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

San 302-11, Duryu-Dong, Dalseo-Gu, Daegu, KOR, 704-060

Website

http://www.woobangland.co.kr

E-World Co Ltd runs an amusement park and theme park, named, E-WORLD. Its facilities include fun rides, performance stages, a skating rink, a fountain, a waterfall, an aquarium, restaurants & a sky lounge cocktail bar.

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