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FLYE (Fly-E Group) ROCE % : -0.62% (As of Jun. 2024)


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What is Fly-E 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. Fly-E Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -0.62%.

Fly-E Group ROCE % Historical Data

The historical data trend for Fly-E 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.

* Premium members only.

Fly-E Group ROCE % Chart

Fly-E Group Annual Data
Trend Mar22 Mar23 Mar24
ROCE %
7.03 22.35 19.26

Fly-E Group Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.93 28.45 3.36 25.36 -0.62

Fly-E Group ROCE % Calculation

Fly-E Group's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=3.23/( ( (17.265 - 4.912) + (28.976 - 7.795) )/ 2 )
=3.23/( (12.353+21.181)/ 2 )
=3.23/16.767
=19.26 %

Fly-E Group'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: Mar. 2024 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Mar. 2024 )(Q: Jun. 2024 )
=-0.156/( ( (28.976 - 7.795) + (35.199 - 6.171) )/ 2 )
=-0.156/( ( 21.181 + 29.028 )/ 2 )
=-0.156/25.1045
=-0.62 %

(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.

Fly-E Group  (NAS:FLYE) 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.

Fly-E Group ROCE % Related Terms

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Fly-E Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » ROCE %
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Traded in Other Exchanges
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Address
136-40 39th Avenue, Flushing, New York, NY, USA, 11354
Website
https://www.flyebike.com
Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. It also provides connectivity solutions and value-added services to their customers.