First Finance Co (AMM:FFCO) ROCE % : 14.95% (As of Dec. 2023)

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What is First Finance 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. First Finance Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.95%.

First Finance Co ROCE % Historical Data

The historical data trend for First Finance 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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First Finance Co ROCE % Chart

First Finance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.33

1.45

3.16

2.78

2.01

First Finance Co 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															5.54	2.41	0.77	-0.91	14.95

First Finance Co ROCE % Calculation

First Finance Co'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 )
	=	0.981	/	( ( (51.62 - 3.25)	+	(51.516 - 2.44) )	/ 2 )
	=	0.981	/	( (48.37	+	49.076)	/ 2 )
	=	0.981	/	48.723
	=	2.01 %

First Finance Co'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 )
	=	7.288	/	( ( (51.204 - 2.771)	+	(51.516 - 2.44) )	/ 2 )
	=	7.288	/	( ( 48.433	+	49.076 )	/ 2 )
	=	7.288	/	48.7545
	=	14.95 %

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

First Finance Co (AMM:FFCO) 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.

First Finance Co ROCE % Related Terms

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First Finance Co (AMM:FFCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » First Finance Co (AMM:FFCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdullah II street, Building no. 172, Khalda, P.O. Box 144596, Amman, JOR, 11814

Website

http://www.ffc.jo

First Finance Co finances in various forms including direct financing of consumer goods and durables; real estate financing; finance small and medium projects; financing of stock and working capital. It offers automobile and vehicle finance for new and used cars, motorcycles, and boats and marine equipment; and real estate finance for building houses, construction materials, finishing works, maintenance and installation works, decoration works, and swimming pool construction. The company also invests in financial instruments.

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