FirstGroup (FRA:FGR) ROCE % : 12.25% (As of Sep. 2024)

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What is FirstGroup 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. FirstGroup's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.25%.

FirstGroup ROCE % Historical Data

The historical data trend for FirstGroup'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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FirstGroup ROCE % Chart

FirstGroup Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.38

3.67

4.30

7.80

3.05

FirstGroup Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															5.87	8.28	-2.86	10.14	12.25

FirstGroup ROCE % Calculation

FirstGroup'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 )
	=	73.881	/	( ( (4994.406 - 2266.197)	+	(4450.836 - 2341.616) )	/ 2 )
	=	73.881	/	( (2728.209	+	2109.22)	/ 2 )
	=	73.881	/	2418.7145
	=	3.05 %

FirstGroup's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	250.754	/	( ( (4450.836 - 2341.616)	+	(4218.492 - 2233.312) )	/ 2 )
	=	250.754	/	( ( 2109.22	+	1985.18 )	/ 2 )
	=	250.754	/	2047.2
	=	12.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

FirstGroup (FRA:FGR) 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.

FirstGroup ROCE % Related Terms

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FirstGroup Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FirstGroup PLC (FRA:FGR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FGROY:USA FGROF:USA FGPl:UK FGP:UK

Address

37 North Wharf Road, 8th Floor, The Point, Paddington, London, GBR, W2 1AF

Website

https://www.firstgroupplc.com

FirstGroup PLC is a passenger transportation company domiciled in the United Kingdom. The company organizes itself into segments: Greyhound, First Bus, and First Rail. The Greyhound segment operates intercity coaches in the United States and Canada. First Bus operates buses in the United Kingdom. First Rail operates passenger trains in the United Kingdom. The company derives the majority of its revenue from the United Kingdom.

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