Spigen Korea Co (XKRX:192440) ROCE % : 11.64% (As of Dec. 2023)

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What is Spigen Korea 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. Spigen Korea Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.64%.

Spigen Korea Co ROCE % Historical Data

The historical data trend for Spigen Korea 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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Spigen Korea Co ROCE % Chart

Spigen Korea Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.66

22.84

13.14

9.98

11.51

Spigen Korea 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															7.54	17.70	9.50	6.94	11.64

Spigen Korea Co ROCE % Calculation

Spigen Korea 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 )
	=	52457.423	/	( ( (473976.171 - 40681.665)	+	(515521.87 - 37385.317) )	/ 2 )
	=	52457.423	/	( (433294.506	+	478136.553)	/ 2 )
	=	52457.423	/	455715.5295
	=	11.51 %

Spigen Korea 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 )
	=	55517.408	/	( ( (520419.926 - 44608.503)	+	(515521.87 - 37385.317) )	/ 2 )
	=	55517.408	/	( ( 475811.423	+	478136.553 )	/ 2 )
	=	55517.408	/	476973.988
	=	11.64 %

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

Spigen Korea Co (XKRX:192440) 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.

Spigen Korea Co ROCE % Related Terms

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Spigen Korea Co (XKRX:192440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Spigen Korea Co Ltd (XKRX:192440) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Gasan Digital neck to call 1128 1709, Seoul, KOR, 153-803

Website

http://www.spigenkorea.co.kr

Spigen Korea Co Ltd is a South Korea based company operates in the mobile accessories business. It is primarily engaged in the manufacturing and sale of mobile accessories such as charger, cable, bluetooth earphone, smartphone care, car accessories and others.

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