Doosan Robotics (XKRX:454910) ROCE % : 0.16% (As of Dec. 2023)

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What is Doosan Robotics 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. Doosan Robotics's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.16%.

Doosan Robotics ROCE % Historical Data

The historical data trend for Doosan Robotics'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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Doosan Robotics ROCE % Chart

Doosan Robotics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-72.13

-75.23

-48.71

-36.64

-5.89

Doosan Robotics Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-24.98	-39.45	-9.82	0.16

Doosan Robotics ROCE % Calculation

Doosan Robotics'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 )
	=	-14462.468	/	( ( (62618.405 - 14736.738)	+	(456422.08 - 13352.66) )	/ 2 )
	=	-14462.468	/	( (47881.667	+	443069.42)	/ 2 )
	=	-14462.468	/	245475.5435
	=	-5.89 %

Doosan Robotics'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 )
	=	731.268	/	( ( (475062.191 - 26735.227)	+	(456422.08 - 13352.66) )	/ 2 )
	=	731.268	/	( ( 448326.964	+	443069.42 )	/ 2 )
	=	731.268	/	445698.192
	=	0.16 %

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

Doosan Robotics (XKRX:454910) 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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Doosan Robotics (XKRX:454910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Doosan Robotics Inc (XKRX:454910) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

79, Saneop-ro 156beon-gil, Gwonseon-gu, Suwon-si, Gyeonggi-do, Seoul, KOR

Website

https://www.doosanrobotics.com

Doosan Robotics Inc is company is engaged in the business of manufacturing industrial robots, especially collaborative robots. Collaborative robots are a next-generation robot that overcomes the limitations of existing industrial robots (risk, high difficulty in use, and high price), and are emerging as a new concept. The company consists of a single business division that sells products and products related to collaborative robots, it not only conducts sales for customers located in Korea, but also conducts sales for some overseas customers, including the overseas bases of domestic customers, thereby distributing and selling products worldwide.

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