Karo Leather (XPRA:KARIN) ROCE % : 0.97% (As of Dec. 2022)

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What is Karo Leather 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. Karo Leather's annualized ROCE % for the quarter that ended in Dec. 2022 was 0.97%.

Karo Leather ROCE % Historical Data

The historical data trend for Karo Leather'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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Karo Leather ROCE % Chart

Karo Leather Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-0.17

-6.32

1.67

0.97

Karo Leather Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	-	-0.17	-6.32	1.67	0.97

Karo Leather ROCE % Calculation

Karo Leather'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 )
	=	3.617	/	( ( (708.334 - 399.477)	+	(812.015 - 377.847) )	/ 2 )
	=	3.617	/	( (308.857	+	434.168)	/ 2 )
	=	3.617	/	371.5125
	=	0.97 %

Karo Leather's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	3.617	/	( ( (708.334 - 399.477)	+	(812.015 - 377.847) )	/ 2 )
	=	3.617	/	( ( 308.857	+	434.168 )	/ 2 )
	=	3.617	/	371.5125
	=	0.97 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

Karo Leather (XPRA:KARIN) 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.

Karo Leather ROCE % Related Terms

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Karo Leather (XPRA:KARIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karo Leather (XPRA:KARIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rohanske nabrezi 642/35, Prague, CZE, 186 00

Website

https://www.karo-leather.com

Karo Leather is engaged in machine processing and trading of leather for the furniture industry and selling of cowhides. Its products include sells buffalo, cowhide products; and upholstery leather. It markets products in European Union countries, especially Poland.

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