FinVolution Group (FinVolution Group) ROCE % : 11.72% (As of Dec. 2023)

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What is FinVolution 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. FinVolution Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.72%.

FinVolution Group ROCE % Historical Data

The historical data trend for FinVolution 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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FinVolution Group ROCE % Chart

FinVolution Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.30

24.53

21.02

15.76

13.83

FinVolution Group 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															15.31	17.98	13.24	12.49	11.72

FinVolution Group ROCE % Calculation

FinVolution 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 )
	=	333.868	/	( ( (3067.101 - 707.029)	+	(2982.224 - 512.752) )	/ 2 )
	=	333.868	/	( (2360.072	+	2469.472)	/ 2 )
	=	333.868	/	2414.772
	=	13.83 %

FinVolution 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 )
	=	287.26	/	( ( (3046.333 - 613.248)	+	(2982.224 - 512.752) )	/ 2 )
	=	287.26	/	( ( 2433.085	+	2469.472 )	/ 2 )
	=	287.26	/	2451.2785
	=	11.72 %

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

FinVolution Group (NYSE:FINV) 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.

FinVolution Group ROCE % Related Terms

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FinVolution Group (FinVolution Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FinVolution Group (NYSE:FINV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PP3:Germany

Address

No. 999 Dangui Road, Building G1, Pudong New District, Shanghai, CHN, 201203

Website

https://www.finvgroup.com

FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers. The Group's long-lived assets are located in the PRC and its revenues are derived from within the PRC.