GOLFZON Co (XKRX:215000) ROCE % : 8.49% (As of Dec. 2023)

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What is GOLFZON 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. GOLFZON Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.49%.

GOLFZON Co ROCE % Historical Data

The historical data trend for GOLFZON 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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GOLFZON Co ROCE % Chart

GOLFZON Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.68

18.67

32.90

38.16

23.77

GOLFZON 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															2.84	40.79	21.78	25.70	8.49

GOLFZON Co ROCE % Calculation

GOLFZON 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 )
	=	109281.61	/	( ( (589995.643 - 157201.781)	+	(637622.472 - 151027.656) )	/ 2 )
	=	109281.61	/	( (432793.862	+	486594.816)	/ 2 )
	=	109281.61	/	459694.339
	=	23.77 %

GOLFZON 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 )
	=	40869.364	/	( ( (630279.028 - 153618.326)	+	(637622.472 - 151027.656) )	/ 2 )
	=	40869.364	/	( ( 476660.702	+	486594.816 )	/ 2 )
	=	40869.364	/	481627.759
	=	8.49 %

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

GOLFZON Co (XKRX:215000) 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.

GOLFZON Co ROCE % Related Terms

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GOLFZON Co (XKRX:215000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GOLFZON Co Ltd (XKRX:215000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daejeon Expo 97 beongil 40 (doryongdong), Daejeon, KOR

Website

http://golfsimulator.golfzon.com

GOLFZON Co Ltd is a Korea-based company that manufactures golf simulators. The company operates its business through two segments: screen golf segment, which produces and distributes golf simulators through GOLFZON JAPAN and GOLFZON CHINA, and golf maintenance segment which installs and maintains golf simulators. The company distributes its products within domestic market and to overseas markets. GOLFZON VISION is the golf simulator for homes and businesses with 3D graphics technology.

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