FRCEF (Fletcher Building) ROCE % : 3.39% (As of Jun. 2024)

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What is Fletcher Building 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. Fletcher Building's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.39%.

Fletcher Building ROCE % Historical Data

The historical data trend for Fletcher Building'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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Fletcher Building ROCE % Chart

Fletcher Building Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-2.96

8.08

9.87

6.60

1.80

Fletcher Building Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															16.63	3.53	9.38	0.14	3.39

Fletcher Building ROCE % Calculation

Fletcher Building's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	75.506	/	( ( (5571.166 - 1350.307)	+	(5447.514 - 1281.768) )	/ 2 )
	=	75.506	/	( (4220.859	+	4165.746)	/ 2 )
	=	75.506	/	4193.3025
	=	1.80 %

Fletcher Building'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 )
	=	144.874	/	( ( (5553.827 - 1166.148)	+	(5447.514 - 1281.768) )	/ 2 )
	=	144.874	/	( ( 4387.679	+	4165.746 )	/ 2 )
	=	144.874	/	4276.7125
	=	3.39 %

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

Fletcher Building (OTCPK:FRCEF) 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.

Fletcher Building ROCE % Related Terms

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Fletcher Building Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Fletcher Building Ltd (OTCPK:FRCEF) » Definitions » ROCE %

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FCREY:USA FBU:New Zealand FLQ:Germany FBU:Australia

Address

810 Great South Road, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.fletcherbuilding.com

Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, construction, and development. Most revenue is derived from new house construction, with smaller earnings contributions from commercial and infrastructure construction.