Future World Holdings (Future World Holdings) ROCE % : -19.56% (As of Dec. 2023)

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What is Future World Holdings 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. Future World Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.56%.

Future World Holdings ROCE % Historical Data

The historical data trend for Future World Holdings'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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Future World Holdings ROCE % Chart

Future World Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.30

-0.57

-0.19

-0.63

-14.74

Future World Holdings 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															-2.70	-0.16	-1.11	-10.36	-19.56

Future World Holdings ROCE % Calculation

Future World Holdings'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 )
	=	-16.856	/	( ( (176.293 - 55.653)	+	(156.972 - 48.957) )	/ 2 )
	=	-16.856	/	( (120.64	+	108.015)	/ 2 )
	=	-16.856	/	114.3275
	=	-14.74 %

Future World Holdings'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 )
	=	-21.592	/	( ( (164.316 - 51.564)	+	(156.972 - 48.957) )	/ 2 )
	=	-21.592	/	( ( 112.752	+	108.015 )	/ 2 )
	=	-21.592	/	110.3835
	=	-19.56 %

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

Future World Holdings (GREY:CNWFF) 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.

Future World Holdings ROCE % Related Terms

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Future World Holdings (Future World Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Future World Holdings Ltd (GREY:CNWFF) » Definitions » ROCE %

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00572:Hong Kong

Address

30 Harbour Road, Room 2601-2604 and 2637-2640, 26th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.fw-holdings.com

Future World Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the businesses of High technology business; Property investment; Provision of financing services; Securities trading and investment and Trading business and related service. Majority of revenue is derived from Provision of financing services segment. The group's operations are located in Hong Kong and the PRC, of which key revenue is derived from Hong Kong.

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