Far Eastern Department Stores (TPE:2903) ROCE % : 3.98% (As of Sep. 2024)

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What is Far Eastern Department Stores 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 Eastern Department Stores's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.98%.

Far Eastern Department Stores ROCE % Historical Data

The historical data trend for Far Eastern Department Stores'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 Eastern Department Stores ROCE % Chart

Far Eastern Department Stores Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.63

4.65

3.91

5.57

7.78

Far Eastern Department Stores Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.57	7.11	5.82	5.15	3.98

Far Eastern Department Stores ROCE % Calculation

Far Eastern Department Stores'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 )
	=	6135.898	/	( ( (126942.943 - 52528.674)	+	(133831.038 - 50419.328) )	/ 2 )
	=	6135.898	/	( (74414.269	+	83411.71)	/ 2 )
	=	6135.898	/	78912.9895
	=	7.78 %

Far Eastern Department Stores's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	3845.148	/	( ( (141959.803 - 45187.295)	+	(137571.188 - 41019.371) )	/ 2 )
	=	3845.148	/	( ( 96772.508	+	96551.817 )	/ 2 )
	=	3845.148	/	96662.1625
	=	3.98 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Far Eastern Department Stores (TPE:2903) 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 Eastern Department Stores ROCE % Related Terms

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Far Eastern Department Stores Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Far Eastern Department Stores Ltd (TPE:2903) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Xinzhan Road, 18th Floor, Banqiao District, New Taipei, TWN, 220

Website

https://www.feds.com.tw

Far Eastern Department Stores Ltd is a Taiwan-based company principally engaged in the operation of department stores. The company also operates hypermarkets and shopping malls. It provides a broad range of merchandise, including foods, apparel, gold and jewelry, household appliances, groceries, home furnishing products, consumer electronics, stationery goods, artworks, entertainment appliances, and sports and leisure goods. The company also provides other services, such as vehicle repair and operation of parking lots and gas stations. Majority of the company's stores are located in Taiwan.

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