Fix Price Group (LSE:FIXP) ROCE % : 192.88% (As of Dec. 2023)

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What is Fix Price 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. Fix Price Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 192.88%.

Fix Price Group ROCE % Historical Data

The historical data trend for Fix Price 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.

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Fix Price Group ROCE % Chart

Fix Price Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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139.59

310.37

507.34

168.60

61.93

Fix Price Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						299.91	261.30	170.79	248.27	192.88

Fix Price Group ROCE % Calculation

Fix Price Group'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 )
	=	454.272	/	( ( (1846.83 - 1215.212)	+	(1526.166 - 690.679) )	/ 2 )
	=	454.272	/	( (631.618	+	835.487)	/ 2 )
	=	454.272	/	733.5525
	=	61.93 %

Fix Price Group'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 )
	=	526.544	/	( ( (0 - 289.494)	+	(1526.166 - 690.679) )	/ 2 )
	=	526.544	/	( ( -289.494	+	835.487 )	/ 2 )
	=	526.544	/	272.9965
	=	192.88 %

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

Fix Price Group (LSE:FIXP) 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.

Fix Price Group ROCE % Related Terms

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Fix Price Group (LSE:FIXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fix Price Group PLC (LSE:FIXP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makariou III & Vyronos Street, P. Lordos Center building, Block B, 1st floor, Office 102, Limassol, CYP, 3105

Website

https://ir.fix-price.com

Fix Price Group PLC is a low-price value retailer. Its categories include ambient food and drink, household goods, and cosmetics and hygiene items. Its retail operations are conducted through a chain of convenience stores, located in the Russian Federation, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia, and Kyrgyzstan The group is also engaged in wholesale operations by servicing a number of franchises that operate in distant regions of the Russian Federation, as well as in a number of international geographies.

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