Taewoong Logistics Co (XKRX:124560) ROCE % : 8.61% (As of Mar. 2024)

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What is Taewoong Logistics 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. Taewoong Logistics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.61%.

Taewoong Logistics Co ROCE % Historical Data

The historical data trend for Taewoong Logistics 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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Taewoong Logistics Co ROCE % Chart

Taewoong Logistics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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54.42

41.22

25.04

85.62

66.91

Taewoong Logistics 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															17.51	10.07	12.90	22.54	8.61

Taewoong Logistics Co ROCE % Calculation

Taewoong Logistics Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	123566.769	/	( ( (329433.018 - 193770.503)	+	(375349.649 - 141658.635) )	/ 2 )
	=	123566.769	/	( (135662.515	+	233691.014)	/ 2 )
	=	123566.769	/	184676.7645
	=	66.91 %

Taewoong Logistics 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 )
	=	21669.264	/	( ( (415249.549 - 171293.342)	+	(456265.236 - 197072.258) )	/ 2 )
	=	21669.264	/	( ( 243956.207	+	259192.978 )	/ 2 )
	=	21669.264	/	251574.5925
	=	8.61 %

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

Taewoong Logistics Co (XKRX:124560) 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.

Taewoong Logistics Co ROCE % Related Terms

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Taewoong Logistics Co (XKRX:124560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taewoong Logistics Co Ltd (XKRX:124560) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Teheran-ro, 37-gill, 9th Floor, 13-6, Gangnam-gu, Seoul, KOR

Website

http://www.e-tgl.com

Taewoong Logistics Co Ltd is a logistics company with its multiple transport services by sea, air, bulk project, and inland transportation.

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