Furonteer (XKRX:370090) ROCE % : 8.24% (As of Mar. 2024)

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What is Furonteer 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. Furonteer's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.24%.

Furonteer ROCE % Historical Data

The historical data trend for Furonteer'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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Furonteer ROCE % Chart

Furonteer Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-33.94

-20.88

17.38

8.86

19.09

Furonteer Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										56.67	18.50	18.16	-12.70	8.24

Furonteer ROCE % Calculation

Furonteer'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 )
	=	8453.408	/	( ( (49069.15 - 9954.138)	+	(60076.976 - 10619.703) )	/ 2 )
	=	8453.408	/	( (39115.012	+	49457.273)	/ 2 )
	=	8453.408	/	44286.1425
	=	19.09 %

Furonteer'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 )
	=	4110.02	/	( ( (60076.976 - 10619.703)	+	(57033.04 - 6746.506) )	/ 2 )
	=	4110.02	/	( ( 49457.273	+	50286.534 )	/ 2 )
	=	4110.02	/	49871.9035
	=	8.24 %

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

Furonteer (XKRX:370090) 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.

Furonteer ROCE % Related Terms

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Furonteer (XKRX:370090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Furonteer Inc (XKRX:370090) » Definitions » ROCE %

Comparable Companies

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N/A

Address

58, Sagimakgol-ro, Jungwon-gu, Seongnam-si, Gyeonggi-do, KOR, 13210

Website

http://www.furonteer.com

Furonteer Inc is a forerunner in the field of ADAS/Autonomous Sensing Camera Assembly & Test Equipment. The core product line is comprised of active align / intrinsic calibration / dual align and others.

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