Cherrybro Co (XKRX:066360) ROCE % : 2.52% (As of Mar. 2024)

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What is Cherrybro 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. Cherrybro Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.52%.

Cherrybro Co ROCE % Historical Data

The historical data trend for Cherrybro 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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Cherrybro Co ROCE % Chart

Cherrybro Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.13

-38.43

-21.29

17.10

17.00

Cherrybro Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.19	39.51	12.98	17.31	2.52

Cherrybro Co ROCE % Calculation

Cherrybro 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 )
	=	21843.676	/	( ( (276733.459 - 154434.8)	+	(283753.479 - 149041.706) )	/ 2 )
	=	21843.676	/	( (122298.659	+	134711.773)	/ 2 )
	=	21843.676	/	128505.216
	=	17.00 %

Cherrybro Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3399.932	/	( ( (283753.479 - 149041.706)	+	(290502.806 - 155453.248) )	/ 2 )
	=	3399.932	/	( ( 134711.773	+	135049.558 )	/ 2 )
	=	3399.932	/	134880.6655
	=	2.52 %

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

Cherrybro Co (XKRX:066360) 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.

Cherrybro Co ROCE % Related Terms

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Cherrybro Co (XKRX:066360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cherrybro Co Ltd (XKRX:066360) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1770, Saenggeojincheon-ro Iwol-myeon, Jincheon-gun, Chungbuk, Incheon, KOR

Website

http://www.cherrybro.com

Cherrybro Co Ltd is a chicken company. It is engaged in breeding, production, distribution, and research and development division. The company also conducts testing and consulting on poultry disease for outdoor farmers, and clinical trials for veterinary drugs. Its product offerings include kokhen, crispy chicken, mountain chickens, cheery duck, Jeju chicken, chicken nuggets, smoked cherry duck, lower wing, among others.

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