Daesung Hi Tech Co (XKRX:129920) ROCE % : -7.11% (As of Mar. 2024)

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What is Daesung Hi Tech 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. Daesung Hi Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.11%.

Daesung Hi Tech Co ROCE % Historical Data

The historical data trend for Daesung Hi Tech 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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Daesung Hi Tech Co ROCE % Chart

Daesung Hi Tech Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-23.31

23.97

9.61

-4.70

Daesung Hi Tech Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							5.88	-11.32	13.23	-25.50	-7.11

Daesung Hi Tech Co ROCE % Calculation

Daesung Hi Tech 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 )
	=	-4598.03	/	( ( (156515.077 - 64310.784)	+	(188870.683 - 85389.842) )	/ 2 )
	=	-4598.03	/	( (92204.293	+	103480.841)	/ 2 )
	=	-4598.03	/	97842.567
	=	-4.70 %

Daesung Hi Tech 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 )
	=	-7417.476	/	( ( (188870.683 - 85389.842)	+	(203122.177 - 98032.455) )	/ 2 )
	=	-7417.476	/	( ( 103480.841	+	105089.722 )	/ 2 )
	=	-7417.476	/	104285.2815
	=	-7.11 %

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

Daesung Hi Tech Co (XKRX:129920) 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.

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Daesung Hi Tech Co (XKRX:129920) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daesung Hi Tech Co Ltd (XKRX:129920) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Techno-daero 2-gil, Hyeonpung-myeon, Dalseong-gun, Daegu, KOR

Website

http://www.topdsht.com

Daesung Hi Tech Co Ltd manufactures machine tools, and semiconductor devices, as well as processes other industrial machine parts. The company produces machine tools, nomura automatic lathes, hobbing machines, milling machines, automation processing equipment, precision parts, assembly products, and other related industrial machine parts and units.

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