Green Cross (XKRX:006280) ROCE % : 10.77% (As of Sep. 2024)

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What is Green Cross 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. Green Cross's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.77%.

Green Cross ROCE % Historical Data

The historical data trend for Green Cross'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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Green Cross ROCE % Chart

Green Cross Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.57

7.36

10.66

5.35

0.07

Green Cross 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															5.42	-4.49	-4.99	0.38	10.77

Green Cross ROCE % Calculation

Green Cross'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 )
	=	1348.424	/	( ( (2525537.081 - 540738.447)	+	(2643313.917 - 868916.639) )	/ 2 )
	=	1348.424	/	( (1984798.634	+	1774397.278)	/ 2 )
	=	1348.424	/	1879597.956
	=	0.07 %

Green Cross'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 )
	=	214367.676	/	( ( (2729524.436 - 754084.426)	+	(2795349.213 - 791137.863) )	/ 2 )
	=	214367.676	/	( ( 1975440.01	+	2004211.35 )	/ 2 )
	=	214367.676	/	1989825.68
	=	10.77 %

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

Green Cross (XKRX:006280) 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.

Green Cross ROCE % Related Terms

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Green Cross Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Cross Corp (XKRX:006280) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

303 Bojeong-Dong, Giheung-Gu, Yongin, Gyeonggi, KOR, 449-070

Website

http://www.greencross.com

Green Cross Corp is one of the global leaders in the healthcare sector. The Montreal-based biopharmaceutical company primarily develops intravenous immunoglobulin (IVIG), a key therapeutic solution for the treatment of patients with infectious and immune diseases, and albumin, used as a blood-volumizing agent and in the treatment of burns. Currently, the company has a global presence through its association with various subsidiaries.

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