Better Life Group (TPE:1805) ROCE % : 11.50% (As of Sep. 2024)

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What is Better Life Group 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. Better Life Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.50%.

Better Life Group ROCE % Historical Data

The historical data trend for Better Life Group'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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Better Life Group ROCE % Chart

Better Life Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.13

-7.17

-2.15

-9.45

-9.39

Better Life Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.74	-31.32	11.01	20.70	11.50

Better Life Group ROCE % Calculation

Better Life Group'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 )
	=	-84.334	/	( ( (1423.984 - 490.206)	+	(1537.732 - 676.183) )	/ 2 )
	=	-84.334	/	( (933.778	+	861.549)	/ 2 )
	=	-84.334	/	897.6635
	=	-9.39 %

Better Life Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	107.192	/	( ( (1654.093 - 775.291)	+	(2133.815 - 1148.716) )	/ 2 )
	=	107.192	/	( ( 878.802	+	985.099 )	/ 2 )
	=	107.192	/	931.9505
	=	11.50 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Better Life Group (TPE:1805) 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.

Better Life Group ROCE % Related Terms

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Better Life Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Better Life Group (TPE:1805) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 303, Xinhu 1st Road, 4th Floor, Neihu District, Taipei City, TWN

Website

http://www.blgroup.com.tw

Better Life Group operates a business is to contract construction companies to build public housing projects and commercial buildings for lease out and sale. The company has two reporting segments which are the Construction Department: which includes the development, construction, letting and sale of residential and other properties and the Real Estate Agency Department includes third-party marketing services for leasing and sale of residential properties and the majority of revenues are generated from Construction segment.

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