Cosco Capital (PHS:COSCO) ROCE % : 10.37% (As of Mar. 2024)

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What is Cosco Capital 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. Cosco Capital's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.37%.

Cosco Capital ROCE % Historical Data

The historical data trend for Cosco Capital'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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Cosco Capital ROCE % Chart

Cosco Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.72

11.12

10.00

10.63

10.01

Cosco Capital 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															10.29	9.59	9.97	10.03	10.37

Cosco Capital ROCE % Calculation

Cosco Capital'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 )
	=	18740.714	/	( ( (218537.406 - 37386.879)	+	(227165.025 - 33943.19) )	/ 2 )
	=	18740.714	/	( (181150.527	+	193221.835)	/ 2 )
	=	18740.714	/	187186.181
	=	10.01 %

Cosco Capital'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 )
	=	20283.86	/	( ( (227165.025 - 33943.19)	+	(222280.928 - 24158.814) )	/ 2 )
	=	20283.86	/	( ( 193221.835	+	198122.114 )	/ 2 )
	=	20283.86	/	195671.9745
	=	10.37 %

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

Cosco Capital (PHS:COSCO) 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.

Cosco Capital ROCE % Related Terms

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Cosco Capital (PHS:COSCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Cosco Capital Inc (PHS:COSCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 900 D. Romualdez Street, 2nd Floor, Tabacalera Building Number 2, Paco, Manila, PHL, 1007

Website

https://www.coscocapital.com

Cosco Capital Inc is a holding retail company based out of the Philippines that has operations in wine & liquor distribution, real estate, oil and minerals, and retail establishments. The majority of the company's revenue can be traced back to its grocery chain, which operates under subsidiary Puregold Price Club. The company's chain of grocery stores is complemented by membership-shopping club business and a wine and liquor distributor. Furthermore, the company is able to lease land, commercial buildings, and oil-storage facilities for customers and its own businesses. Cosco's oil and mineral subsidiaries engage in the exploration, development, and production of oil and gas reserves in the Philippines.

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