Happy Belly Food Group (XCNQ:HBFG) ROCE % : -19.57% (As of Dec. 2023)

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What is Happy Belly Food Group 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. Happy Belly Food Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.57%.

Happy Belly Food Group ROCE % Historical Data

The historical data trend for Happy Belly Food Group'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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Happy Belly Food Group ROCE % Chart

Happy Belly Food Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-924.37

-155.97

-674.63

-74.12

-28.45

Happy Belly Food Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-58.64	-102.38	-45.47	-28.42	-19.57

Happy Belly Food Group ROCE % Calculation

Happy Belly Food Group'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 )
	=	-1.114	/	( ( (4.283 - 0.955)	+	(5.853 - 1.349) )	/ 2 )
	=	-1.114	/	( (3.328	+	4.504)	/ 2 )
	=	-1.114	/	3.916
	=	-28.45 %

Happy Belly Food Group'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 )
	=	-0.932	/	( ( (6.548 - 1.525)	+	(5.853 - 1.349) )	/ 2 )
	=	-0.932	/	( ( 5.023	+	4.504 )	/ 2 )
	=	-0.932	/	4.7635
	=	-19.57 %

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

Happy Belly Food Group (XCNQ:HBFG) 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.

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Happy Belly Food Group (XCNQ:HBFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Happy Belly Food Group Inc (XCNQ:HBFG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VGANF:USA W3J:Germany

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.happybellyfg.com

Happy Belly Food Group Inc is a quick-serve restaurant and consumer packaged goods wellness company bringing delicious foods and retail brands to customers. The Company has two operating segments which are Consumer product goods and Quick restaurant services. The consumer product goods currently consist of two brands namely, Holy Crap which produces and sells breakfast cereal and related food products, and Lumber Heads which produces and sells snack foods. The Company operates a number of plant-based restaurants namely Yamchops, Heal Lifestyle, and Lettuce Love.

Executives

Mark Rechichi	Director
Sean Black	Director, Senior Officer

Happy Belly Food Group (XCNQ:HBFG) Headlines

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