Angel Robotics Co (XKRX:455900) ROCE % : -34.43% (As of Mar. 2024)

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What is Angel Robotics 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. Angel Robotics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -34.43%.

Angel Robotics Co ROCE % Historical Data

The historical data trend for Angel Robotics 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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Angel Robotics Co ROCE % Chart

Angel Robotics Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-38.48

Angel Robotics Co Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	-144.77	-52.33	-34.43

Angel Robotics Co ROCE % Calculation

Angel Robotics 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 )
	=	-8625.398	/	( ( (16455.477 - 34708.667)	+	(21318.166 - 11018.323) )	/ 2 )
	=	-8625.398	/	( (-18253.19	+	10299.843)	/ 2 )
	=	-8625.398	/	-3976.6735
	=	216.90 %

Angel Robotics 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 )
	=	-9162.144	/	( ( (21318.166 - 11018.323)	+	(50759.537 - 7832.222) )	/ 2 )
	=	-9162.144	/	( ( 10299.843	+	42927.315 )	/ 2 )
	=	-9162.144	/	26613.579
	=	-34.43 %

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

Angel Robotics Co (XKRX:455900) 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.

Angel Robotics Co ROCE % Related Terms

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Angel Robotics Co (XKRX:455900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Angel Robotics Co Ltd (XKRX:455900) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

37, Seongsui-ro 22-gil, Seongdong-gu, Rooms 1405-1407, 14th floor, Seoul, KOR

Website

https://www.angel-robotics.com

Angel Robotics Co Ltd is a company which is engaged in the business of researching, developing, manufacturing, and selling intelligent wearable robots. It manufactures and sell their core products, angel MEDI (wearable robot specializing in rehabilitation medicine), angel GEAR (industrial wearable robot), angel SUIT (wearable robot for daily life assistance), and angel KIT (core robot parts such as motor drivers and smart actuators). The company is engaged in business such as research and development services for wearable robots for defense purposes.

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