Chu Yu Hsiang Co (ROCO:2760) ROCE % : 24.78% (As of Dec. 2023)

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What is Chu Yu Hsiang 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. Chu Yu Hsiang Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.78%.

Chu Yu Hsiang Co ROCE % Historical Data

The historical data trend for Chu Yu Hsiang 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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Chu Yu Hsiang Co ROCE % Chart

Chu Yu Hsiang Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

66.76

29.77

35.83

35.30

24.83

Chu Yu Hsiang Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			39.79	37.72	35.98	26.71	24.78

Chu Yu Hsiang Co ROCE % Calculation

Chu Yu Hsiang 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 )
	=	66.161	/	( ( (364.83 - 84.035)	+	(338.119 - 86.055) )	/ 2 )
	=	66.161	/	( (280.795	+	252.064)	/ 2 )
	=	66.161	/	266.4295
	=	24.83 %

Chu Yu Hsiang Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	61.84	/	( ( (328.983 - 81.939)	+	(338.119 - 86.055) )	/ 2 )
	=	61.84	/	( ( 247.044	+	252.064 )	/ 2 )
	=	61.84	/	249.554
	=	24.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Chu Yu Hsiang Co (ROCO:2760) 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.

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Chu Yu Hsiang Co (ROCO:2760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chu Yu Hsiang Co Ltd (ROCO:2760) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Sec. 1, Huizhong Road, 21st Floor-2,, Xitun District, Taichung, TWN, 407

Website

https://www.dingtea.com

Chu Yu Hsiang Co Ltd operates a chain of cafe under the Ding Tea brand and sales of related products. The company's product portfolio includes flavored milk, flavored tea, fresh tea, classical flavored tea, yogurt, coffee and chocolate creamy mixture, and creamy milk.

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