Fonix Mobile (LSE:FNX) ROCE % : 145.50% (As of Dec. 2023)

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What is Fonix Mobile 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. Fonix Mobile's annualized ROCE % for the quarter that ended in Dec. 2023 was 145.50%.

Fonix Mobile ROCE % Historical Data

The historical data trend for Fonix Mobile'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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Fonix Mobile ROCE % Chart

Fonix Mobile Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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159.78

292.05

184.46

141.91

123.80

Fonix Mobile Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						176.38	122.95	142.60	112.06	145.50

Fonix Mobile ROCE % Calculation

Fonix Mobile's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	10.859	/	( ( (50.142 - 42.144)	+	(58.015 - 48.47) )	/ 2 )
	=	10.859	/	( (7.998	+	9.545)	/ 2 )
	=	10.859	/	8.7715
	=	123.80 %

Fonix Mobile'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 )
	=	14.728	/	( ( (58.015 - 48.47)	+	(75.376 - 64.676) )	/ 2 )
	=	14.728	/	( ( 9.545	+	10.7 )	/ 2 )
	=	14.728	/	10.1225
	=	145.50 %

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

Fonix Mobile (LSE:FNX) 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.

Fonix Mobile ROCE % Related Terms

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Fonix Mobile (LSE:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fonix Mobile PLC (LSE:FNX) » Definitions » ROCE %

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Address

23 Heddon Street, London, GBR, W1B 4BQ

Website

https://www.fonix.com

Fonix Mobile PLC facilitates mobile payments and provides messaging services for customers across media, telecoms, transport, gaming, enterprise and commerce. It provides carrier billing, SMS billing, and messaging services.