Cowell Fashion Co (XKRX:033290) ROCE % : -6.81% (As of Dec. 2023)

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What is Cowell Fashion 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. Cowell Fashion Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.81%.

Cowell Fashion Co ROCE % Historical Data

The historical data trend for Cowell Fashion 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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Cowell Fashion Co ROCE % Chart

Cowell Fashion Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.09

30.31

15.61

5.84

5.82

Cowell Fashion 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															-12.76	8.85	11.54	4.96	-6.81

Cowell Fashion Co ROCE % Calculation

Cowell Fashion 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 )
	=	43099.997	/	( ( (1067555.261 - 235539.744)	+	(885850.939 - 237110.331) )	/ 2 )
	=	43099.997	/	( (832015.517	+	648740.608)	/ 2 )
	=	43099.997	/	740378.0625
	=	5.82 %

Cowell Fashion 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 )
	=	-52814.296	/	( ( (1156568.395 - 253217.955)	+	(885850.939 - 237110.331) )	/ 2 )
	=	-52814.296	/	( ( 903350.44	+	648740.608 )	/ 2 )
	=	-52814.296	/	776045.524
	=	-6.81 %

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

Cowell Fashion Co (XKRX:033290) 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.

Cowell Fashion Co ROCE % Related Terms

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Cowell Fashion Co (XKRX:033290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cowell Fashion Co Ltd (XKRX:033290) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

PDC, A/9F, 242, Pangyo-ro, Bundang-gu, Gyeonggi-Do, Seongnam-si, KOR

Website

http://www.cowellfashion.co.kr

Cowell Fashion Co Ltd is engaged in manufacturing clothes and undergarments for men and women in South Korea. It offers underwear, sportswear, golf wear, socks, as well as other miscellaneous goods through online and offline distribution channels.

Cowell Fashion Co (XKRX:033290) Headlines

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