ChoA Pharmaceutical Co (XKRX:034940) ROCE % : -15.46% (As of Mar. 2024)

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What is ChoA Pharmaceutical 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. ChoA Pharmaceutical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.46%.

ChoA Pharmaceutical Co ROCE % Historical Data

The historical data trend for ChoA Pharmaceutical 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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ChoA Pharmaceutical Co ROCE % Chart

ChoA Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.38

-1.83

-11.34

0.44

-19.26

ChoA Pharmaceutical 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															-1.39	-4.14	-18.14	-59.47	-15.46

ChoA Pharmaceutical Co ROCE % Calculation

ChoA Pharmaceutical 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 )
	=	-9954.834	/	( ( (85639.409 - 27327.776)	+	(74221.475 - 29177.888) )	/ 2 )
	=	-9954.834	/	( (58311.633	+	45043.587)	/ 2 )
	=	-9954.834	/	51677.61
	=	-19.26 %

ChoA Pharmaceutical 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 )
	=	-6918.276	/	( ( (74221.475 - 29177.888)	+	(75944.859 - 31484.24) )	/ 2 )
	=	-6918.276	/	( ( 45043.587	+	44460.619 )	/ 2 )
	=	-6918.276	/	44752.103
	=	-15.46 %

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

ChoA Pharmaceutical Co (XKRX:034940) 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.

ChoA Pharmaceutical Co ROCE % Related Terms

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ChoA Pharmaceutical Co (XKRX:034940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » ChoA Pharmaceutical Co Ltd (XKRX:034940) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 floor ACE Techno-Tower, 55-7 Mullae-dong 3ga, Youngdungpo-ku, Seoul, KOR, 150-093

Website

http://www.choa.co.kr

ChoA Pharmaceutical Co Ltd manufactures and sells medicines in South Korea. It offers products for the treatment diarrhea, duodenal ulcer, gastric ulcer, gastritis, cough, cold and others. It also provides nutrition products, health drinks, mixed drinks for children.

ChoA Pharmaceutical Co (XKRX:034940) Headlines

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