Fortune Asia Group (ASX:FYA) ROCE % : -13.47% (As of Jun. 2018)

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What is Fortune Asia 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. Fortune Asia Group's annualized ROCE % for the quarter that ended in Jun. 2018 was -13.47%.

Fortune Asia Group ROCE % Historical Data

The historical data trend for Fortune Asia 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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Fortune Asia Group ROCE % Chart

Fortune Asia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

ROCE %

-2.03

-11.06

-32.40

-12.35

-13.91

Fortune Asia Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18
ROCE %	Get a 7-Day Free Trial				-57.22	-11.16	-13.87	-13.47	-13.94

Fortune Asia Group ROCE % Calculation

Fortune Asia Group's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-0.247	/	( ( (2.416 - 0.506)	+	(2.158 - 0.517) )	/ 2 )
	=	-0.247	/	( (1.91	+	1.641)	/ 2 )
	=	-0.247	/	1.7755
	=	-13.91 %

Fortune Asia Group's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2018 )		(Q: Dec. 2017 )		(Q: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2018 )		(Q: Dec. 2017 )		(Q: Jun. 2018 )
	=	-0.252	/	( ( (2.416 - 0.506)	+	(2.334 - 0.503) )	/ 2 )
	=	-0.252	/	( ( 1.91	+	1.831 )	/ 2 )
	=	-0.252	/	1.8705
	=	-13.47 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2018) EBIT data.

Fortune Asia Group (ASX:FYA) 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.

Fortune Asia Group ROCE % Related Terms

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Fortune Asia Group (ASX:FYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Asia Group Ltd (ASX:FYA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

377 Kent Street, Suite 525, Sydney, NSW, AUS, 2000

Website

http://www.ergau.com

Fortune Asia Group Ltd, formerly Emperor Range Group Ltd is engaged in mining and exploration at the tenements situated in Xinjiang Uygur Autonomous Region of the People's Republic of China.

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