Freedom Internet Group (Freedom Internet Group) ROCE % : -17.03% (As of Jan. 2023)

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What is Freedom Internet 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. Freedom Internet Group's annualized ROCE % for the quarter that ended in Jan. 2023 was -17.03%.

Freedom Internet Group ROCE % Historical Data

The historical data trend for Freedom Internet 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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Freedom Internet Group ROCE % Chart

Freedom Internet Group Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

ROCE %

-39.75

-19.02

-24.59

Freedom Internet Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
ROCE %	Get a 7-Day Free Trial									-31.41	-25.99	-13.83	-26.68	-17.03

Freedom Internet Group ROCE % Calculation

Freedom Internet Group's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	-0.298	/	( ( (1.386 - 0.017)	+	(1.069 - 0.014) )	/ 2 )
	=	-0.298	/	( (1.369	+	1.055)	/ 2 )
	=	-0.298	/	1.212
	=	-24.59 %

Freedom Internet Group's ROCE % of for the quarter that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2023 )		(Q: Oct. 2022 )		(Q: Jan. 2023 )
	=	-0.176	/	( ( (1.069 - 0.014)	+	(1.034 - 0.022) )	/ 2 )
	=	-0.176	/	( ( 1.055	+	1.012 )	/ 2 )
	=	-0.176	/	1.0335
	=	-17.03 %

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

Freedom Internet Group (OTCPK:FIGI) 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.

Freedom Internet Group ROCE % Related Terms

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Freedom Internet Group (Freedom Internet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Freedom Internet Group Inc (OTCPK:FIGI) » Definitions » ROCE %

Comparable Companies

NISN AHG LMFA PT BWMY DXF SNTG JT WEIDY AIHS V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

151 Calle San Francisco, Suite 200, San Juan, PRI, 00901

Website

https://www.figiroyalty.com

Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.

Executives

Noah Rosenfarb	director, 10 percent owner, officer: CFO	12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb	director, officer: COO	4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman	director, 10 percent owner, officer: CEO	3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

Freedom Internet Group (Freedom Internet Group) Headlines

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