Carabao Group PCL (BKK:CBG) ROCE % : 21.68% (As of Dec. 2023)

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What is Carabao Group PCL 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. Carabao Group PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.68%.

Carabao Group PCL ROCE % Historical Data

The historical data trend for Carabao Group PCL'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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Carabao Group PCL ROCE % Chart

Carabao Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.06

38.63

27.35

21.86

17.85

Carabao Group PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.85	10.91	16.53	17.52	21.68

Carabao Group PCL ROCE % Calculation

Carabao Group PCL'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 )
	=	2420.356	/	( ( (20038.927 - 8187.13)	+	(19543.502 - 4283.335) )	/ 2 )
	=	2420.356	/	( (11851.797	+	15260.167)	/ 2 )
	=	2420.356	/	13555.982
	=	17.85 %

Carabao Group PCL'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3264.896	/	( ( (19566.693 - 4712.16)	+	(19543.502 - 4283.335) )	/ 2 )
	=	3264.896	/	( ( 14854.533	+	15260.167 )	/ 2 )
	=	3264.896	/	15057.35
	=	21.68 %

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

Carabao Group PCL (BKK:CBG) 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.

Carabao Group PCL ROCE % Related Terms

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Carabao Group PCL (BKK:CBG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Carabao Group PCL (BKK:CBG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CBG-F:Thailand

Address

Silom Road, Silom, 393 Silom Building, 393, 7th - 10th Floor, Bangrak, Bangkok, THA, 10500

Website

https://www.carabaogroup.com

Carabao Group PCL through its subsidiaries manufactures and distributes energy drinks, water, and coffee, under brand names including Carabao and Start. It operates in three segments: Manufacture and Distribution of Energy Drinks, Distribution of OEM products under Group's trademark, and Distribution of Other Products. Only the Manufacture and Distribution of Energy Drinks and Distribution of Other Products segments sell to external customers. The two segments account for roughly 30% and 70% of external sales, respectively. Geographically, it derives the majority of revenue from Thailand.

Carabao Group PCL (BKK:CBG) Headlines

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