Oceanic Beverages Co (TPE:1213) ROCE % : -31.38% (As of Mar. 2024)

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What is Oceanic Beverages 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. Oceanic Beverages Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -31.38%.

Oceanic Beverages Co ROCE % Historical Data

The historical data trend for Oceanic Beverages 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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Oceanic Beverages Co ROCE % Chart

Oceanic Beverages Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.60

-1.65

-11.58

-8.60

-18.72

Oceanic Beverages 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															-7.13	-17.15	-12.39	-32.39	-31.38

Oceanic Beverages Co ROCE % Calculation

Oceanic Beverages 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 )
	=	-103.63	/	( ( (1058.384 - 215.923)	+	(819.325 - 554.815) )	/ 2 )
	=	-103.63	/	( (842.461	+	264.51)	/ 2 )
	=	-103.63	/	553.4855
	=	-18.72 %

Oceanic Beverages 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 )
	=	-80.7	/	( ( (819.325 - 554.815)	+	(817.047 - 567.236) )	/ 2 )
	=	-80.7	/	( ( 264.51	+	249.811 )	/ 2 )
	=	-80.7	/	257.1605
	=	-31.38 %

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

Oceanic Beverages Co (TPE:1213) 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.

Oceanic Beverages Co ROCE % Related Terms

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Oceanic Beverages Co (TPE:1213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Oceanic Beverages Co Inc (TPE:1213) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Chongyang Road, 10th Floor, Section 3, Sanchong District, New Taipei, TWN

Website

https://www.applesidra.com.tw

Oceanic Beverages Co Inc operates in the beverages industry. The company is engaged in the manufacturing of beverages like soda, tea, juice, lactic acid, and distilled water. The Group has two reportable divisions, the Beverages Sales Division, and the Shanghai Operations Division. The Beverages Sales Division is mainly engaged in the manufacture, wholesale and retail of various soft drinks and beverages.

Oceanic Beverages Co (TPE:1213) Headlines

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