Korea No.11 Special Purpose Acquisition Co (XKRX:436610) ROCE % : 2.88% (As of Mar. 2024)

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What is Korea No.11 Special Purpose Acquisition 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. Korea No.11 Special Purpose Acquisition Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.88%.

Korea No.11 Special Purpose Acquisition Co ROCE % Historical Data

The historical data trend for Korea No.11 Special Purpose Acquisition 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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Korea No.11 Special Purpose Acquisition Co ROCE % Chart

Korea No.11 Special Purpose Acquisition Co Annual Data

Trend

Dec22

Dec23

ROCE %

0.65

3.83

Korea No.11 Special Purpose Acquisition Co Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			3.58	3.98	4.22	3.52	2.88

Korea No.11 Special Purpose Acquisition Co ROCE % Calculation

Korea No.11 Special Purpose Acquisition 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 )
	=	463.196	/	( ( (11894.718 - 0)	+	(12285.471 - 2.416) )	/ 2 )
	=	463.196	/	( (11894.718	+	12283.055)	/ 2 )
	=	463.196	/	12088.8865
	=	3.83 %

Korea No.11 Special Purpose Acquisition 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 )
	=	355.464	/	( ( (12285.471 - 2.416)	+	(12372.142 - 0.22) )	/ 2 )
	=	355.464	/	( ( 12283.055	+	12371.922 )	/ 2 )
	=	355.464	/	12327.4885
	=	2.88 %

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

Korea No.11 Special Purpose Acquisition Co (XKRX:436610) 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.

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Korea No.11 Special Purpose Acquisition Co (XKRX:436610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Korea No.11 Special Purpose Acquisition Co Ltd (XKRX:436610) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Uisadang-daero, Yeongdeungpo-gu, Seoul, KOR

Website

Korea No.11 Special Purpose Acquisition Co Ltd is a blank check company.

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