ESTaid (XKRX:239340) ROCE % : -54.43% (As of Dec. 2023)

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What is ESTaid 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. ESTaid's annualized ROCE % for the quarter that ended in Dec. 2023 was -54.43%.

ESTaid ROCE % Historical Data

The historical data trend for ESTaid'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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ESTaid ROCE % Chart

ESTaid Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-50.96

5.35

19.18

-1.18

-19.30

ESTaid 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															-1.50	-3.34	-14.98	-9.62	-54.43

ESTaid ROCE % Calculation

ESTaid'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 )
	=	-6713.416	/	( ( (45375.35 - 3898.128)	+	(31960.754 - 3851.845) )	/ 2 )
	=	-6713.416	/	( (41477.222	+	28108.909)	/ 2 )
	=	-6713.416	/	34793.0655
	=	-19.30 %

ESTaid'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 )
	=	-16351.128	/	( ( (35347.98 - 3372.869)	+	(31960.754 - 3851.845) )	/ 2 )
	=	-16351.128	/	( ( 31975.111	+	28108.909 )	/ 2 )
	=	-16351.128	/	30042.01
	=	-54.43 %

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

ESTaid (XKRX:239340) 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.

ESTaid ROCE % Related Terms

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ESTaid (XKRX:239340) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ESTaid Corp (XKRX:239340) » Definitions » ROCE %

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Address

Banpo-daero 3, Seocho-gu, Seoul, KOR

Website

http://www.zuminternet.com

ZUMinternet Corp is a South Korea based company engaged in providing internet and mobile services. It operates Zum.com, a searching portal; egloos.com, a blogging platform for games, animations, and cartoons; and Swing Browser which provides e-banking, online shopping, and government services.

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