WooDeumGee Farm Co (XKRX:403490) ROCE % : 9.23% (As of Mar. 2024)

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What is WooDeumGee Farm 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. WooDeumGee Farm Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.23%.

WooDeumGee Farm Co ROCE % Historical Data

The historical data trend for WooDeumGee Farm 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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WooDeumGee Farm Co ROCE % Chart

WooDeumGee Farm Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

7.81

40.21

32.92

15.89

WooDeumGee Farm Co Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			46.96	13.53	-26.03	21.40	9.23

WooDeumGee Farm Co ROCE % Calculation

WooDeumGee Farm Co'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 )
	=	4581.328	/	( ( (31140.589 - 3960.686)	+	(34079.913 - 3599.587) )	/ 2 )
	=	4581.328	/	( (27179.903	+	30480.326)	/ 2 )
	=	4581.328	/	28830.1145
	=	15.89 %

WooDeumGee Farm 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 )
	=	4065.308	/	( ( (55639.828 - 12125.5)	+	(60064.495 - 15492.961) )	/ 2 )
	=	4065.308	/	( ( 43514.328	+	44571.534 )	/ 2 )
	=	4065.308	/	44042.931
	=	9.23 %

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

WooDeumGee Farm Co (XKRX:403490) 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.

WooDeumGee Farm Co ROCE % Related Terms

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WooDeumGee Farm Co (XKRX:403490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » WooDeumGee Farm Co Ltd (XKRX:403490) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

698 Heungsu-ro, Gyuam-myeon, Buyeo-gun, Chungcheongnam-do, KOR

Website

https://www.wdgfarm.com

WooDeumGee Farm Co Ltd is a High tech agricultural company which has developed Korean-style semi-enclosed glass greenhouse. The company operates through Smart farm technology which is a next-generation agricultural system that optimizes the growing environment for crops by combining Fourth industrial technologies such as artificial intelligence, big data, and the Internet of Things with existing agricultural methods.

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