HPSP Co (XKRX:403870) ROCE % : 12.53% (As of Dec. 2023)

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What is HPSP 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. HPSP Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.53%.

HPSP Co ROCE % Historical Data

The historical data trend for HPSP 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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HPSP Co ROCE % Chart

HPSP Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

66.35

103.02

68.89

43.80

HPSP Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						21.38	65.84	49.06	41.52	12.53

HPSP Co ROCE % Calculation

HPSP 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 )
	=	104394.674	/	( ( (260926.477 - 63423.915)	+	(320687.607 - 41554.583) )	/ 2 )
	=	104394.674	/	( (197502.562	+	279133.024)	/ 2 )
	=	104394.674	/	238317.793
	=	43.80 %

HPSP Co'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 )
	=	34261.8	/	( ( (309633.009 - 42011.924)	+	(320687.607 - 41554.583) )	/ 2 )
	=	34261.8	/	( ( 267621.085	+	279133.024 )	/ 2 )
	=	34261.8	/	273377.0545
	=	12.53 %

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

HPSP Co (XKRX:403870) 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.

HPSP Co ROCE % Related Terms

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HPSP Co (XKRX:403870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HPSP Co Ltd (XKRX:403870) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

65, Omokcheon-ro 152beon-gil, Gwonseon-gu, Gyeonggi-do, Suwon-si, KOR, 16642

Website

http://www.thehpsp.com

HPSP Co Ltd is engaged in the manufacturing of semiconductor machines and types of equipment. It manufactures High-pressure hydrogen annealing equipment.

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