Corby Spirit and Wine (Corby Spirit and Wine) ROCE %

: 13.88% (As of Dec. 2023)

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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. Corby Spirit and Wine's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.88%.

Corby Spirit and Wine ROCE % Historical Data

The historical data trend for Corby Spirit and Wine'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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Corby Spirit and Wine Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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18.58

19.15

22.10

15.93

12.14

Corby Spirit and Wine 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															22.97	10.67	4.20	15.55	13.88

Corby Spirit and Wine ROCE % Calculation

Corby Spirit and Wine'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 )
	=	22.816	/	( ( (197.995 - 42.657)	+	(272.92 - 52.459) )	/ 2 )
	=	22.816	/	( (155.338	+	220.461)	/ 2 )
	=	22.816	/	187.8995
	=	12.14 %

Corby Spirit and Wine'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 )
	=	33.74	/	( ( (279.321 - 49.898)	+	(305.515 - 48.737) )	/ 2 )
	=	33.74	/	( ( 229.423	+	256.778 )	/ 2 )
	=	33.74	/	243.1005
	=	13.88 %

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

Corby Spirit and Wine (OTCPK:CRBBF) 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.

Corby Spirit and Wine ROCE % Related Terms

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Corby Spirit and Wine (Corby Spirit and Wine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Corby Spirit and Wine Ltd (OTCPK:CRBBF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CBYDF:USA CSW.B:Canada CSW.A:Canada

Address

225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2

Website

https://www.corby.ca

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions. The Case Goods segment derives its revenue from the production and distribution of its owned beverage alcohol brands. The Commissions segment earns commission income from the representation of non-owned beverage alcohol brands in Canada.

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