Fabryki Mebli Forte (WAR:FTE) ROCE % : 6.79% (As of Dec. 2023)

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What is Fabryki Mebli Forte 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. Fabryki Mebli Forte's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.79%.

Fabryki Mebli Forte ROCE % Historical Data

The historical data trend for Fabryki Mebli Forte'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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Fabryki Mebli Forte ROCE % Chart

Fabryki Mebli Forte Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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9.46

5.91

10.04

8.78

15.61

Fabryki Mebli Forte Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.92	-0.75	4.01	-6.05	6.79

Fabryki Mebli Forte ROCE % Calculation

Fabryki Mebli Forte's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	174.32	/	( ( (1471.965 - 352.958)	+	(1437.464 - 323.599) )	/ 2 )
	=	174.32	/	( (1119.007	+	1113.865)	/ 2 )
	=	174.32	/	1116.436
	=	15.61 %

Fabryki Mebli Forte'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	65.648	/	( ( (1418.657 - 439.285)	+	(1422.035 - 468.093) )	/ 2 )
	=	65.648	/	( ( 979.372	+	953.942 )	/ 2 )
	=	65.648	/	966.657
	=	6.79 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Fabryki Mebli Forte (WAR:FTE) 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.

Fabryki Mebli Forte ROCE % Related Terms

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Fabryki Mebli Forte (WAR:FTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Fabryki Mebli Forte SA (WAR:FTE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Biala 1, Ostrow Mazowiecka, POL, 07 - 300

Website

https://company.forte.com.pl/en

Fabryki Mebli Forte SA is a manufacturer of furniture for self-assembly with a specialization in home, office, and kitchen furniture. Its product offerings include furniture systems for the lounge, dining room, bedroom, living room, sitting room, study, and children's room, as well as wall units, ready-made cabinets that can be put together in different arrangements, as well as customized kitchen projects. It has state-of-the-art manufacturing plants located in Ostrow Mazowiecka, Suwalki, Bialystok, and Hajnowka.

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