Ovostar Union PCL (WAR:OVO) ROCE %: 19.49% (As of Jun. 2024)

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WAR:OVO Ovostar Union PCL WAR:OVO
4 GF Score
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What is Ovostar Union PCL ROCE %?

Ovostar Union PCL WAR:OVO 4 ROCE % is 19.49% as of Jun. 2024. GuruFocus rates WAR:OVO with a GF Score™ of 4/100.

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. Ovostar Union PCL's annualized ROCE % for the quarter that ended in Jun. 2024 was 19.49%.

Ovostar Union PCL  (WAR:OVO) 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.

Ovostar Union PCL ROCE % Related Terms

Ovostar Union PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Ovostar Union PCL'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.

Ovostar Union PCL ROCE % Chart

Ovostar Union PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.26 2.74 1.77 6.81 46.91

Ovostar Union PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.09 33.83 68.97 22.16 19.49
WAR:OVO
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Ovostar Union PCL WAR:OVO
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Ovostar Union PCL ROCE % Calculation

Ovostar Union PCL'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 )
=195.733/( ( (421.039 - 69.206) + (540.894 - 58.275) )/ 2 )
=195.733/( (351.833+482.619)/ 2 )
=195.733/417.226
=46.91 %

Ovostar Union PCL's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=98.376/( ( (538.601 - 42.912) + (552.484 - 38.804) )/ 2 )
=98.376/( ( 495.689 + 513.68 )/ 2 )
=98.376/504.6845
=19.49 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 19.49% mean?
Ovostar Union PCL (WAR:OVO) has a ROCE % of 19.49% as of Jun. 2024.
Is Ovostar Union PCL's ROCE % too high?
Ovostar Union PCL's current ROCE % is 19.49%. The Consumer Packaged Goods industry median ROCE % is 8.79. Ovostar Union PCL's value of 19.49% is 121.9% above this industry median. Overall, Ovostar Union PCL has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ovostar Union PCL's ROCE % compare to ADM and TSN?
Ovostar Union PCL's ROCE % of 19.49% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.79. Ovostar Union PCL's value of 19.49% is 121.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.79, based on 1,942 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ovostar Union PCL's current ROCE % of 19.49% is 121.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median ROCE % is 8.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ovostar Union PCL's current ROCE % is 19.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ovostar Union PCL stock overvalued right now?
Ovostar Union PCL (WAR:OVO) has a current ROCE % of 19.49%. The current ROCE % is 19.49% and 121.9% above the Consumer Packaged Goods industry median of 8.79. Ovostar Union PCL's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ovostar Union PCL (WAR:OVO), the current ROCE % is 19.49% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ovostar Union PCL Business Description

Address 22 Ierotheou Street, 4th floor, Strovolos, Nicosia, CYP, 2028
Ovostar Union PCL is a vertically integrated public holding company, manufacturer, and exporter of chicken eggs and egg products. It offers a range of packed shell eggs under the Yasenvit brand name and egg products under the Ovostar brand name. It includes egg albumen, egg powder, egg white, and egg yolk, among others, and is sold to companies such as Nestle, Kraft Foods, and McDonald's, among others. Its segments are Egg and Egg Products.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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