Cho Bi Co (XKRX:001550) ROCE % : 23.50% (As of Jun. 2024)

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What is Cho Bi 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. Cho Bi Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 23.50%.

Cho Bi Co ROCE % Historical Data

The historical data trend for Cho Bi 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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Cho Bi Co ROCE % Chart

Cho Bi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.02

5.11

4.04

14.13

-7.37

Cho Bi Co 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															-6.71	-10.13	-3.59	8.80	23.50

Cho Bi Co ROCE % Calculation

Cho Bi 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 )
	=	-5056.931	/	( ( (130041.76 - 57328.641)	+	(118588.765 - 54062.421) )	/ 2 )
	=	-5056.931	/	( (72713.119	+	64526.344)	/ 2 )
	=	-5056.931	/	68619.7315
	=	-7.37 %

Cho Bi Co'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 )
	=	15754.272	/	( ( (137269.965 - 71852.024)	+	(139328.802 - 70691.092) )	/ 2 )
	=	15754.272	/	( ( 65417.941	+	68637.71 )	/ 2 )
	=	15754.272	/	67027.8255
	=	23.50 %

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

Cho Bi Co (XKRX:001550) 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.

Cho Bi Co ROCE % Related Terms

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Cho Bi Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Cho Bi Co Ltd (XKRX:001550) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1337-4 Seocho-2-Dong, DongOh Building, Seoul, KOR, 135-860

Website

http://www.chobi.co.kr

Cho Bi Co Ltd is a South Korea-based company mainly engaged in the manufacturing and distributing of fertilizers. Its fertilizer products consist of compound fertilizers for top dressing, which are used for horticulture, fruit trees, and paddy rice; bulk bending fertilizers; compound fertilizers for basal dressing, which are used for tobacco, peanuts, vegetables, garlic and onions, fruit and fruit trees, chestnuts, rice seedbeds, paddy rice, potatoes and turfs and other types of fertilizers.

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