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Fenbi (HKSE:02469) ROCE % : 42.92% (As of Jun. 2024)


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What is Fenbi 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. Fenbi's annualized ROCE % for the quarter that ended in Jun. 2024 was 42.92%.

Fenbi ROCE % Historical Data

The historical data trend for Fenbi'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.

Fenbi ROCE % Chart

Fenbi Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
84.99 -514.59 -520.54 -229.20 18.60

Fenbi Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only -84.47 -373.26 13.85 19.61 42.92

Fenbi ROCE % Calculation

Fenbi'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 )
=230.826/( ( (1824.098 - 809.17) + (2321.554 - 854.783) )/ 2 )
=230.826/( (1014.928+1466.771)/ 2 )
=230.826/1240.8495
=18.60 %

Fenbi'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 )
=624.08/( ( (2321.554 - 854.783) + (2175.605 - 734.231) )/ 2 )
=624.08/( ( 1466.771 + 1441.374 )/ 2 )
=624.08/1454.0725
=42.92 %

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

Fenbi  (HKSE:02469) 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.

Fenbi ROCE % Related Terms

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Fenbi Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Fenbi Ltd (HKSE:02469) » Definitions » ROCE %
Comparable Companies
HKSE:00667 HKSE:01969 HKSE:01773 HKSE:03978 HKSE:01890 HKSE:01769 HKSE:00032 HKSE:00382 HKSE:02385 HKSE:00839 EDU TAL LOPE LRN GHC ATGE SZSE:002607 LAUR SZSE:300364 HKSE:01797
Traded in Other Exchanges
N/A
Address
Jiuxianqiao North Road, Room 601, 1-6th Floor, Building 103, No. 10 Courtyard, Chaoyang District, Beijing, CHN
Website
https://www.fenbi.com
Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. It is a career test preparation service provider in China, providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and several professions and industries. It helps college graduates excel in the competitive selection process administered by governmental institutions and helps professionals obtain the relevant qualifications. Its segments are Tutoring services and Sales of books. It generates the majority of its revenue from Tutoring services which are classroom-based platforms teaching to the students who physically attend the lecture centers or through an online platform.
Executives
Li Yong 2103 Interests held jointly with another person
Wei Liang 2201 Interest of corporation controlled by you
Zhang Xiaolong 2201 Interest of corporation controlled by you
Li Xin 2103 Interests held jointly with another person
Chalk Sky Ltd 2101 Beneficial owner
Sonata (bvi) Limited 2201 Interest of corporation controlled by you
Ocorian Singapore Trust Company Pte. Ltd. 2301 Trustee
Ark Trust (hong Kong) Limited 2301 Trustee
Tencent Holdings Limited
Ho Chi Sing 2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Gp Iii Associates Ltd. 2201 Interest of corporation controlled by you
Zhou Quan 2201 Interest of corporation controlled by you
Matrix China Management Ii, L.p. 2201 Interest of corporation controlled by you
Matrix China Ii Gp Gp, Ltd. 2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Iii L.p. 2101 Beneficial owner

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