Rainbow Robotics (XKRX:277810) ROCE % : -61.56% (As of Dec. 2023)

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What is Rainbow Robotics 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. Rainbow Robotics's annualized ROCE % for the quarter that ended in Dec. 2023 was -61.56%.

Rainbow Robotics ROCE % Historical Data

The historical data trend for Rainbow Robotics'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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Rainbow Robotics ROCE % Chart

Rainbow Robotics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-52.03

-17.05

-21.73

6.48

-0.76

Rainbow Robotics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												10.03	41.41	0.47	1.46	-61.56

Rainbow Robotics ROCE % Calculation

Rainbow Robotics'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 )
	=	-779.457	/	( ( (76159.467 - 3185.026)	+	(132611.487 - 1035.403) )	/ 2 )
	=	-779.457	/	( (72974.441	+	131576.084)	/ 2 )
	=	-779.457	/	102275.2625
	=	-0.76 %

Rainbow Robotics'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 )
	=	-86246.704	/	( ( (152625.489 - 4003.912)	+	(132611.487 - 1035.403) )	/ 2 )
	=	-86246.704	/	( ( 148621.577	+	131576.084 )	/ 2 )
	=	-86246.704	/	140098.8305
	=	-61.56 %

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

Rainbow Robotics (XKRX:277810) 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.

Rainbow Robotics ROCE % Related Terms

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Rainbow Robotics (XKRX:277810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainbow Robotics (XKRX:277810) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-19, Expo-ro 339beon-gil, Yuseong-gu, KOR, 34122

Website

http://www.rainbow-robotics.com

Rainbow Robotics is a professional technological mechatronics company, provides top robotic system engineering technology. It develops and produces industrial robots and other robots.

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