Frenkel Topping Group (LSE:FEN) ROCE % : 4.28% (As of Dec. 2023)

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What is Frenkel Topping 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. Frenkel Topping Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.28%.

Frenkel Topping Group ROCE % Historical Data

The historical data trend for Frenkel Topping 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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Frenkel Topping Group ROCE % Chart

Frenkel Topping Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.11

8.49

10.39

7.56

8.06

Frenkel Topping Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.29	8.97	7.03	11.55	4.28

Frenkel Topping Group ROCE % Calculation

Frenkel Topping 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 )
	=	3.575	/	( ( (53.143 - 8.44)	+	(53.135 - 9.111) )	/ 2 )
	=	3.575	/	( (44.703	+	44.024)	/ 2 )
	=	3.575	/	44.3635
	=	8.06 %

Frenkel Topping 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.922	/	( ( (54.237 - 8.45)	+	(53.135 - 9.111) )	/ 2 )
	=	1.922	/	( ( 45.787	+	44.024 )	/ 2 )
	=	1.922	/	44.9055
	=	4.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Frenkel Topping Group (LSE:FEN) 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.

Frenkel Topping Group ROCE % Related Terms

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Frenkel Topping Group (LSE:FEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Frenkel Topping Group PLC (LSE:FEN) » Definitions » ROCE %

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Address

15 Carolina Way, Frenkel House, Salford, Manchester, GBR, M50 2ZY

Website

https://www.frenkeltopping.co.uk

Frenkel Topping Group PLC is a part of the financial services domain in the United Kingdom. Its business involves the provision of specialist independent financial advice and wealth management focused on asset protection. The operating segment includes financial services, Costs Law and Other Professional Services Its primary objective is to grow the assets under management. The company derives revenue mainly from its activities in the United Kingdom.