FAR International Holdings Group Co (HKSE:02516) ROCE % : 8.97% (As of Dec. 2023)

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What is FAR International Holdings Group Co 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. FAR International Holdings Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.97%.

FAR International Holdings Group Co ROCE % Historical Data

The historical data trend for FAR International Holdings Group Co'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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FAR International Holdings Group Co ROCE % Chart

FAR International Holdings Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

19.37

10.48

6.50

7.13

FAR International Holdings Group Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	6.17	7.24	5.74	8.97

FAR International Holdings Group Co ROCE % Calculation

FAR International Holdings Group Co'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 )
	=	46.218	/	( ( (685.979 - 109.351)	+	(1320.316 - 599.931) )	/ 2 )
	=	46.218	/	( (576.628	+	720.385)	/ 2 )
	=	46.218	/	648.5065
	=	7.13 %

FAR International Holdings Group Co'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 )
	=	58.898	/	( ( (778.125 - 185.511)	+	(1320.316 - 599.931) )	/ 2 )
	=	58.898	/	( ( 592.614	+	720.385 )	/ 2 )
	=	58.898	/	656.4995
	=	8.97 %

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

FAR International Holdings Group Co (HKSE:02516) 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.

FAR International Holdings Group Co ROCE % Related Terms

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FAR International Holdings Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FAR International Holdings Group Co Ltd (HKSE:02516) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Changcheng Street, Room 201, Hangzhou Cross-border e-commerce, Industrial Park, Gongshu District, Zhejiang Province, Hangzhou City, CHN

Website

FAR International Holdings Group Co Ltd is a cross-border e-commerce logistics service provider based in the PRC principally engaged in the provision of end-to-end cross-border logistics services.

Executives

Lao Minzhong	2202 Interest of your spouse
Wang Quan	2201 Interest of corporation controlled by you
Zi Yue Holdings Limited	2101 Beneficial owner
Ye Jianrong	2201 Interest of corporation controlled by you
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Hangzhou City Gongshu District State-owned Investment Holding Group Co., Ltd.	2201 Interest of corporation controlled by you
Hangzhou Gongshu State-owned Innovation Development Co., Ltd.	2201 Interest of corporation controlled by you
Gensis Far Holdings Limited	2101 Beneficial owner

FAR International Holdings Group Co Headlines

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