Cobram Estate Olives (ASX:CBO) ROCE % : -0.75% (As of Dec. 2023)

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What is Cobram Estate Olives 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. Cobram Estate Olives's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.75%.

Cobram Estate Olives ROCE % Historical Data

The historical data trend for Cobram Estate Olives'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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Cobram Estate Olives ROCE % Chart

Cobram Estate Olives Annual Data

Trend

Jun22

Jun23

ROCE %

1.41

4.26

Cobram Estate Olives Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-1.94	4.70	-3.17	11.61	-0.75

Cobram Estate Olives ROCE % Calculation

Cobram Estate Olives's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	22.637	/	( ( (550.609 - 38.652)	+	(610.461 - 59.871) )	/ 2 )
	=	22.637	/	( (511.957	+	550.59)	/ 2 )
	=	22.637	/	531.2735
	=	4.26 %

Cobram Estate Olives'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-4.104	/	( ( (610.461 - 59.871)	+	(616.439 - 73.349) )	/ 2 )
	=	-4.104	/	( ( 550.59	+	543.09 )	/ 2 )
	=	-4.104	/	546.84
	=	-0.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Cobram Estate Olives (ASX:CBO) 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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Cobram Estate Olives (ASX:CBO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cobram Estate Olives Ltd (ASX:CBO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Broderick Road, Corio, Lara, VIC, AUS, 3212

Website

https://www.cobramestateolives.com.au

Cobram Estate Olives Ltd is a producer and marketer of premium quality extra virgin olive oil. It owns the two Australian extra virgin olive oil brands, Cobram Estate and Red Island. The company's geographical segment includes Australia; United States of America and Innovation and value-added products. It derives a majority of revenue from Australian operations.

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