Forge Innovation Development (Forge Innovation Development) ROCE % : -29.60% (As of Mar. 2024)

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What is Forge Innovation Development 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. Forge Innovation Development's annualized ROCE % for the quarter that ended in Mar. 2024 was -29.60%.

Forge Innovation Development ROCE % Historical Data

The historical data trend for Forge Innovation Development'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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Forge Innovation Development ROCE % Chart

Forge Innovation Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-40.71

-78.77

-304.35

-20.48

Forge Innovation Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															117.74	-12.15	-25.02	-26.68	-29.60

Forge Innovation Development ROCE % Calculation

Forge Innovation Development'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 )
	=	-0.784	/	( ( (0.126 - 0.168)	+	(9.306 - 1.606) )	/ 2 )
	=	-0.784	/	( (-0.042	+	7.7)	/ 2 )
	=	-0.784	/	3.829
	=	-20.48 %

Forge Innovation Development's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.196	/	( ( (9.306 - 1.606)	+	(8.813 - 1.674) )	/ 2 )
	=	-2.196	/	( ( 7.7	+	7.139 )	/ 2 )
	=	-2.196	/	7.4195
	=	-29.60 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Forge Innovation Development (OTCPK:FGNV) 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.

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Forge Innovation Development (Forge Innovation Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Forge Innovation Development Corp (OTCPK:FGNV) » Definitions » ROCE %

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Address

6280 Mission Boulevard, Unit 205, Jurupa Valley, CA, USA, 92509

Website

https://www.forgecorpusa.com

Forge Innovation Development Corp is a real estate development company. The company is engaged in commercial and residential land development, including purchase and sale of real estate, targeting properties in Southern California. Its primary business is to acquire land and develop and sell fully constructed homes and commercial property such as stores, offices, and private schools, among others to non-affiliated third parties. It also intends to invest its funds in income-yielding properties.

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