Binggrae Co (XKRX:005180) ROCE % : -8.74% (As of Dec. 2023)

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What is Binggrae 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. Binggrae Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.74%.

Binggrae Co ROCE % Historical Data

The historical data trend for Binggrae 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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Binggrae Co ROCE % Chart

Binggrae Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.28

7.78

-1.85

6.08

17.00

Binggrae Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-8.50	7.83	29.57	39.69	-8.74

Binggrae Co ROCE % Calculation

Binggrae 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 )
	=	112668.206	/	( ( (769266.588 - 152445.67)	+	(890717.26 - 182124.834) )	/ 2 )
	=	112668.206	/	( (616820.918	+	708592.426)	/ 2 )
	=	112668.206	/	662706.672
	=	17.00 %

Binggrae 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 )
	=	-62325.556	/	( ( (929702.509 - 211284.536)	+	(890717.26 - 182124.834) )	/ 2 )
	=	-62325.556	/	( ( 718417.973	+	708592.426 )	/ 2 )
	=	-62325.556	/	713505.1995
	=	-8.74 %

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

Binggrae Co (XKRX:005180) 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.

Binggrae Co ROCE % Related Terms

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Binggrae Co (XKRX:005180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Binggrae Co Ltd (XKRX:005180) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

45, Dasansunhwan-ro, Gyeonggi-do, Namyangju-si, KOR

Website

http://www.bing.co.kr

Binggrae Co Ltd is a Korea-based company engaged in the manufacturing and processing of dairy products and snacks. The business activity of the group is primarily operated through two divisions namely Refrigeration and Cold storage division. The Refrigeration division is engaged in the production of Ice cream and other frozen snacks, and Cold storage division engaged in the production of Dairy drinks such as milk and yogurt as well as other snacks. The products are offered under the brand name of Melona, Samanco, Pop Top, Pangtoa and others.

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