Gourmet Master Co (TPE:2723) ROCE % : 2.79% (As of Dec. 2023)

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What is Gourmet Master 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. Gourmet Master Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.79%.

Gourmet Master Co ROCE % Historical Data

The historical data trend for Gourmet Master 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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Gourmet Master Co ROCE % Chart

Gourmet Master Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.07

10.67

11.37

6.21

8.53

Gourmet Master 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															6.01	10.92	10.93	9.30	2.79

Gourmet Master Co ROCE % Calculation

Gourmet Master 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 )
	=	1214.262	/	( ( (20548.091 - 6156.956)	+	(19435.459 - 5365.842) )	/ 2 )
	=	1214.262	/	( (14391.135	+	14069.617)	/ 2 )
	=	1214.262	/	14230.376
	=	8.53 %

Gourmet Master 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 )
	=	397.32	/	( ( (20155.346 - 5711.009)	+	(19435.459 - 5365.842) )	/ 2 )
	=	397.32	/	( ( 14444.337	+	14069.617 )	/ 2 )
	=	397.32	/	14256.977
	=	2.79 %

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

Gourmet Master Co (TPE:2723) 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.

Gourmet Master Co ROCE % Related Terms

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Gourmet Master Co (TPE:2723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Gourmet Master Co Ltd (TPE:2723) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, 23rd, Nantun District, Taichung, TWN

Website

https://www.85cafe.com

Gourmet Master Co Ltd operates a chain of cafe stores under the brand 85 Degrees Daily Cafe. Its branch footprints spread across the urban areas of Taiwan, Mainland China, and Hong Kong. The company also owns a few stores in the United States and Australia. The company is mainly engaged in the production and distribution of beverages, including coffee, tea, milk tea, and cold drinks, as well as bakery products such as cakes, bread, and Western-style desserts. Gourmet Master also engages in the retailing of packaged desserts, instant coffee, imported coffee beans, and gift boxes, as well as wholesale bakery machinery.

Gourmet Master Co (TPE:2723) Headlines

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