Findev (TSXV:FDI) ROCE % : 15.50% (As of Dec. 2023)

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What is Findev 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. Findev's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.50%.

Findev ROCE % Historical Data

The historical data trend for Findev'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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Findev ROCE % Chart

Findev Annual Data

Trend

May14

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.66

10.78

11.52

11.85

12.86

Findev 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															11.29	12.46	12.28	11.54	15.50

Findev ROCE % Calculation

Findev'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 )
	=	3.115	/	( ( (23.953 - 0.301)	+	(25.105 - 0.316) )	/ 2 )
	=	3.115	/	( (23.652	+	24.789)	/ 2 )
	=	3.115	/	24.2205
	=	12.86 %

Findev'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 )
	=	3.82	/	( ( (24.829 - 0.324)	+	(25.105 - 0.316) )	/ 2 )
	=	3.82	/	( ( 24.505	+	24.789 )	/ 2 )
	=	3.82	/	24.647
	=	15.50 %

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

Findev (TSXV:FDI) 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.

Findev ROCE % Related Terms

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Findev (TSXV:FDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Findev Inc (TSXV:FDI) » Definitions » ROCE %

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TNSGF:USA

Address

10 Wanless Avenue, Suite 200, Toronto, ON, CAN, M4N 1V6

Website

https://www.findev.ca

Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above-average returns in a two to three-year timeframe. It focuses on lending to residential and retail development projects within the Greater Toronto Area. It focuses on real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments.

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