GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » First High-School Education Group Co Ltd (OTCPK:FHSEY) » Definitions » ROCE %

FHSEY (First High-School Education Group Co) ROCE % : 0.00% (As of Jun. 2024)


View and export this data going back to 2021. Start your Free Trial

What is First High-School Education Group Co 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. First High-School Education Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.


First High-School Education Group Co ROCE % Historical Data

The historical data trend for First High-School Education Group Co'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.

* Premium members only.

First High-School Education Group Co ROCE % Chart

First High-School Education Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 66.09 273.20 57.54 25.12 -18.14

First High-School Education Group Co Quarterly Data
Dec17 Dec18 Sep19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.08 32.05 -121.21 -10.12 -

First High-School Education Group Co ROCE % Calculation

First High-School Education Group Co'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 )
=-5.469/( ( (102.196 - 64.551) + (138.879 - 116.239) )/ 2 )
=-5.469/( (37.645+22.64)/ 2 )
=-5.469/30.1425
=-18.14 %

First High-School Education Group Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=0/( ( (138.879 - 116.239) + (113.998 - 90.199) )/ 2 )
=0/( ( 22.64 + 23.799 )/ 2 )
=0/23.2195
=0.00 %

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

* 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.


First High-School Education Group Co  (OTCPK:FHSEY) 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.


First High-School Education Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of First High-School Education Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


First High-School Education Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1-1, Tiyuan Road, Xishan District, Yunnan Province, Kunming, CHN, 650228
First High-School Education Group Co Ltd is an operator of private high schools in Western China. It promotes the reform of middle school education and teaching with the concept of double first-class university construction, introducing talents from double first-rate universities to strengthen the construction of middle school teachers, and continues to promote the connotative and high-quality development of middle school education.

First High-School Education Group Co Headlines

From GuruFocus