Central Forest Group (NGO:7675) ROCE % : 5.59% (As of Mar. 2024)

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What is Central Forest Group 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. Central Forest Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.59%.

Central Forest Group ROCE % Historical Data

The historical data trend for Central Forest Group'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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Central Forest Group ROCE % Chart

Central Forest Group Annual Data

Trend

Sep19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.46

3.26

5.10

5.99

8.47

Central Forest Group Quarterly Data
	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														3.60	6.99	10.22	13.04	5.59

Central Forest Group ROCE % Calculation

Central Forest Group'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 )
	=	2843	/	( ( (111594 - 79325)	+	(117679 - 82837) )	/ 2 )
	=	2843	/	( (32269	+	34842)	/ 2 )
	=	2843	/	33555.5
	=	8.47 %

Central Forest Group'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 )
	=	1976	/	( ( (117679 - 82837)	+	(105402 - 69499) )	/ 2 )
	=	1976	/	( ( 34842	+	35903 )	/ 2 )
	=	1976	/	35372.5
	=	5.59 %

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

Central Forest Group (NGO:7675) 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.

Central Forest Group ROCE % Related Terms

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Central Forest Group (NGO:7675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Central Forest Group Inc (NGO:7675) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Kawanami-cho, Atsuta-ku, Nagoya, JPN, 456-0072

Website

https://www.centralforestgroup.co.jp

Central Forest Group Inc is engaged in the business of wholesale of food products such as alcoholic beverages among others.

Central Forest Group (NGO:7675) Headlines

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