Dongbang Ship Machinery Co (XKRX:099410) ROCE % : 25.96% (As of Dec. 2023)

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What is Dongbang Ship Machinery 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. Dongbang Ship Machinery Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.96%.

Dongbang Ship Machinery Co ROCE % Historical Data

The historical data trend for Dongbang Ship Machinery 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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Dongbang Ship Machinery Co ROCE % Chart

Dongbang Ship Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.24

-3.36

3.96

4.61

9.87

Dongbang Ship Machinery 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															10.87	6.88	4.19	2.52	25.96

Dongbang Ship Machinery Co ROCE % Calculation

Dongbang Ship Machinery 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 )
	=	3317.864	/	( ( (44315.225 - 12195.801)	+	(45843.65 - 10700.156) )	/ 2 )
	=	3317.864	/	( (32119.424	+	35143.494)	/ 2 )
	=	3317.864	/	33631.459
	=	9.87 %

Dongbang Ship Machinery 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 )
	=	8841.888	/	( ( (44008.102 - 11019.392)	+	(45843.65 - 10700.156) )	/ 2 )
	=	8841.888	/	( ( 32988.71	+	35143.494 )	/ 2 )
	=	8841.888	/	34066.102
	=	25.96 %

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

Dongbang Ship Machinery Co (XKRX:099410) 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.

Dongbang Ship Machinery Co ROCE % Related Terms

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Dongbang Ship Machinery Co (XKRX:099410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Dongbang Ship Machinery Co Ltd (XKRX:099410) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

414-2 Jukgok-Dong, Jinhae, Kyungnam, KOR

Website

http://www.dongbangsm.co.kr

Dongbang Ship Machinery Co Ltd is a Korea based company operating in the shipbuilding industry. It manufactures various parts for ships and also provides repair services. The company operates in the business areas of Plumbing, Painting and Major customers. In Plumbing business, the company offers steel pipe spool, module unit, heating coil, and other parts.

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