Kwangdong Healthbio Co (XKRX:086220) ROCE % : 6.73% (As of Dec. 2023)

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What is Kwangdong Healthbio 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. Kwangdong Healthbio Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.73%.

Kwangdong Healthbio Co ROCE % Historical Data

The historical data trend for Kwangdong Healthbio 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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Kwangdong Healthbio Co ROCE % Chart

Kwangdong Healthbio Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-41.73

11.42

2.91

5.50

6.73

Kwangdong Healthbio Co Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial					-41.73	11.42	2.91	5.50	6.73

Kwangdong Healthbio Co ROCE % Calculation

Kwangdong Healthbio 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 )
	=	2003.554	/	( ( (55832.314 - 25431.916)	+	(56897.42 - 27765.406) )	/ 2 )
	=	2003.554	/	( (30400.398	+	29132.014)	/ 2 )
	=	2003.554	/	29766.206
	=	6.73 %

Kwangdong Healthbio 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	2003.554	/	( ( (55832.314 - 25431.916)	+	(56897.42 - 27765.406) )	/ 2 )
	=	2003.554	/	( ( 30400.398	+	29132.014 )	/ 2 )
	=	2003.554	/	29766.206
	=	6.73 %

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

Kwangdong Healthbio Co (XKRX:086220) 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.

Kwangdong Healthbio Co ROCE % Related Terms

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Kwangdong Healthbio Co (XKRX:086220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kwangdong Healthbio Co Ltd (XKRX:086220) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Bundang Suji U-Tower, 767 Sinsu-ro, 7th floor, Building A, Yongin-si, Gyeonggi-do, Suji-gu, KOR

Website

http://www.bl-healthcare.com

BL Healthcare Corp is a Bio-venture company, which develops, manufactures, and sells health functional food and pharmaceutical products. The Company's products include weight-loss pills, vitamins, and other nutrition supplements. It also produces personal care items such as cosmetics, hair care products, and skincare products.

Kwangdong Healthbio Co (XKRX:086220) Headlines

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