Coocon (XKRX:294570) ROCE % : 8.73% (As of Mar. 2024)

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What is Coocon 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. Coocon's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.73%.

Coocon ROCE % Historical Data

The historical data trend for Coocon'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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Coocon ROCE % Chart

Coocon Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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22.01

31.87

39.50

8.10

3.58

Coocon Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.66	7.01	10.62	-2.27	8.73

Coocon ROCE % Calculation

Coocon's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	4805.6	/	( ( (201963.221 - 65332.582)	+	(182201.083 - 50345.753) )	/ 2 )
	=	4805.6	/	( (136630.639	+	131855.33)	/ 2 )
	=	4805.6	/	134242.9845
	=	3.58 %

Coocon'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 )
	=	12149.772	/	( ( (207548.02 - 69058.465)	+	(210337.155 - 70437.717) )	/ 2 )
	=	12149.772	/	( ( 138489.555	+	139899.438 )	/ 2 )
	=	12149.772	/	139194.4965
	=	8.73 %

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

Coocon (XKRX:294570) 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.

Coocon ROCE % Related Terms

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Coocon (XKRX:294570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coocon Corp (XKRX:294570) » Definitions » ROCE %

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Address

220 Yeongsin-ro, 19th Floor, KnK Digital Tower, Yeongdeungpo-gu, Seoul, KOR, 07228

Website

https://www.coocon.net

Coocon Corp is a business data platform that collects and connects data using its advanced technology. Its main products include Personal Data APIs, Corporate Management APIs, Payment APIs, and Global APIs, among others.

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