Gritee (XKRX:204020) ROCE % : 11.74% (As of Mar. 2024)

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What is Gritee 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. Gritee's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.74%.

Gritee ROCE % Historical Data

The historical data trend for Gritee'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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Gritee ROCE % Chart

Gritee Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.33

2.30

-10.63

4.70

14.55

Gritee 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															9.57	23.70	21.68	3.61	11.74

Gritee ROCE % Calculation

Gritee'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 )
	=	10837.84	/	( ( (88501.695 - 17009.68)	+	(93959.767 - 16498.551) )	/ 2 )
	=	10837.84	/	( (71492.015	+	77461.216)	/ 2 )
	=	10837.84	/	74476.6155
	=	14.55 %

Gritee'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 )
	=	9057.46	/	( ( (93959.767 - 16498.551)	+	(105054.691 - 28155.359) )	/ 2 )
	=	9057.46	/	( ( 77461.216	+	76899.332 )	/ 2 )
	=	9057.46	/	77180.274
	=	11.74 %

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

Gritee (XKRX:204020) 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.

Gritee ROCE % Related Terms

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Gritee (XKRX:204020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gritee Inc (XKRX:204020) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Eonju-ro 151-gil, Sinsa-dong, Gangnam-gu, Seoul, KOR, 135-895

Website

http://www.gritees.com

Gritee Inc, formerly M Corset Inc is engaged in retail sale of innerwears. The company sells innerwears under the brands wonderbra, himico, playfex, crocodile innerwear, and maidenform.

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