FIT Hon Teng (FIT Hon Teng) ROCE % : 17.10% (As of Dec. 2023)

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What is FIT Hon Teng 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. FIT Hon Teng's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.10%.

FIT Hon Teng ROCE % Historical Data

The historical data trend for FIT Hon Teng'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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FIT Hon Teng ROCE % Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.34

4.77

6.08

9.17

8.77

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											11.77	7.62	10.74	2.56	17.10

FIT Hon Teng ROCE % Calculation

FIT Hon Teng'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 )
	=	242.824	/	( ( (4547.183 - 1539.36)	+	(5093.736 - 2563.486) )	/ 2 )
	=	242.824	/	( (3007.823	+	2530.25)	/ 2 )
	=	242.824	/	2769.0365
	=	8.77 %

FIT Hon Teng'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 )
	=	417.046	/	( ( (4619.705 - 2272.239)	+	(5093.736 - 2563.486) )	/ 2 )
	=	417.046	/	( ( 2347.466	+	2530.25 )	/ 2 )
	=	417.046	/	2438.858
	=	17.10 %

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

FIT Hon Teng (OTCPK:FITGF) 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.

FIT Hon Teng ROCE % Related Terms

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FIT Hon Teng (FIT Hon Teng) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (OTCPK:FITGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

06088:Hong Kong 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

FIT Hon Teng (FIT Hon Teng) Headlines

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