Green Cross WellBeing (XKRX:234690) ROCE % : 58.50% (As of Mar. 2024)

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What is Green Cross WellBeing 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. Green Cross WellBeing's annualized ROCE % for the quarter that ended in Mar. 2024 was 58.50%.

Green Cross WellBeing ROCE % Historical Data

The historical data trend for Green Cross WellBeing'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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Green Cross WellBeing ROCE % Chart

Green Cross WellBeing Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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26.20

12.11

1.77

8.76

9.66

Green Cross WellBeing 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															7.79	11.44	11.91	6.49	58.50

Green Cross WellBeing ROCE % Calculation

Green Cross WellBeing's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	9720.103	/	( ( (139007 - 41475.531)	+	(150243.171 - 46536.367) )	/ 2 )
	=	9720.103	/	( (97531.469	+	103706.804)	/ 2 )
	=	9720.103	/	100619.1365
	=	9.66 %

Green Cross WellBeing'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 )
	=	62442.176	/	( ( (156554.332 - 49403.647)	+	(163814.886 - 57471.215) )	/ 2 )
	=	62442.176	/	( ( 107150.685	+	106343.671 )	/ 2 )
	=	62442.176	/	106747.178
	=	58.50 %

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

Green Cross WellBeing (XKRX:234690) 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.

Green Cross WellBeing ROCE % Related Terms

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Green Cross WellBeing (XKRX:234690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Green Cross WellBeing Corp (XKRX:234690) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

246, Hwangsaeul-ro, Bundang-gu, 7th floor, B-dong, Dodam Building, Gyeonggi-do, Seongnam-si, KOR

Website

http://www.greencrosswb.com

Green Cross WellBeing Corp offers personalized nutrition therapy package services to help its customers prevent diseases and pursue a healthy life. The company's products include injection food, health functional food, sports food, and cosmetics.

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