Soulbrain Co (XKRX:357780) ROCE % : 27.08% (As of Mar. 2024)

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What is Soulbrain 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. Soulbrain Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.08%.

Soulbrain Co ROCE % Historical Data

The historical data trend for Soulbrain 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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Soulbrain Co ROCE % Chart

Soulbrain Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

16.98

34.90

29.47

18.64

Soulbrain Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										23.89	15.46	12.83	22.17	27.08

Soulbrain Co ROCE % Calculation

Soulbrain 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 )
	=	161386.393	/	( ( (934907.218 - 127596.016)	+	(995442.871 - 71113.528) )	/ 2 )
	=	161386.393	/	( (807311.202	+	924329.343)	/ 2 )
	=	161386.393	/	865820.2725
	=	18.64 %

Soulbrain Co'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 )
	=	254988.304	/	( ( (995442.871 - 71113.528)	+	(1075026.275 - 115860.118) )	/ 2 )
	=	254988.304	/	( ( 924329.343	+	959166.157 )	/ 2 )
	=	254988.304	/	941747.75
	=	27.08 %

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

Soulbrain Co (XKRX:357780) 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.

Soulbrain Co ROCE % Related Terms

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Soulbrain Co (XKRX:357780) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Soulbrain Co Ltd (XKRX:357780) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

34, Pangyo-ro 255-beon-gil, Bundang-Gu, Gyeonggi-do, Seongnam, KOR

Website

http://www.soulbrain.co.kr

Soulbrain Co Ltd is engaged in the business of supplying chemical materials and battery materials for manufacturing semi-conductor materials, display materials, and secondary batteries. Also, the company is engaged in producing various electronic materials required for the process of LED, solar power generation, and electric vehicles. It plans to enter the bio-healthcare business in future.

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