Harboes Bryggeri A/S (CHIX:HARBBC) ROCE % : 6.80% (As of Jan. 2024)

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What is Harboes Bryggeri A/S 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. Harboes Bryggeri A/S's annualized ROCE % for the quarter that ended in Jan. 2024 was 6.80%.

Harboes Bryggeri A/S ROCE % Historical Data

The historical data trend for Harboes Bryggeri A/S'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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Harboes Bryggeri A/S ROCE % Chart

Harboes Bryggeri A/S Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-0.55

-2.89

1.11

-0.21

-0.18

Harboes Bryggeri A/S Quarterly Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Jul20	Oct20	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															1.43	5.58	14.88	7.18	6.80

Harboes Bryggeri A/S ROCE % Calculation

Harboes Bryggeri A/S's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-1.509	/	( ( (1143.022 - 294.947)	+	(1199.647 - 375.332) )	/ 2 )
	=	-1.509	/	( (848.075	+	824.315)	/ 2 )
	=	-1.509	/	836.195
	=	-0.18 %

Harboes Bryggeri A/S's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	57.928	/	( ( (1179.507 - 338.111)	+	(1235.862 - 372.262) )	/ 2 )
	=	57.928	/	( ( 841.396	+	863.6 )	/ 2 )
	=	57.928	/	852.498
	=	6.80 %

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

Harboes Bryggeri A/S (CHIX:HARBBc) 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.

Harboes Bryggeri A/S ROCE % Related Terms

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Harboes Bryggeri A/S (CHIX:HARBBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Harboes Bryggeri A/S (CHIX:HARBBc) » Definitions » ROCE %

Traded in Other Exchanges

HARB B:Denmark

Address

Spegerborgvej 34, Skælskør, DNK, 4230

Website

http://www.harboes.dk

Harboes Bryggeri A/S is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.

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