Fosun Tourism Group (HKSE:01992) ROCE % : 3.81% (As of Dec. 2023)

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What is Fosun Tourism 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. Fosun Tourism Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.81%.

Fosun Tourism Group ROCE % Historical Data

The historical data trend for Fosun Tourism 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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Fosun Tourism Group ROCE % Chart

Fosun Tourism Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.40

-6.64

-5.66

2.34

7.64

Fosun Tourism Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-0.56	2.25	2.42	10.93	3.81

Fosun Tourism Group ROCE % Calculation

Fosun Tourism 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 )
	=	1934.997	/	( ( (42357.005 - 16327.317)	+	(42244.855 - 17624.511) )	/ 2 )
	=	1934.997	/	( (26029.688	+	24620.344)	/ 2 )
	=	1934.997	/	25325.016
	=	7.64 %

Fosun Tourism 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 )
	=	980.86	/	( ( (42818.152 - 16004.046)	+	(42244.855 - 17624.511) )	/ 2 )
	=	980.86	/	( ( 26814.106	+	24620.344 )	/ 2 )
	=	980.86	/	25717.225
	=	3.81 %

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

Fosun Tourism Group (HKSE:01992) 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.

Fosun Tourism Group ROCE % Related Terms

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Fosun Tourism Group (HKSE:01992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fosun Tourism Group (HKSE:01992) » Definitions » ROCE %

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Traded in Other Exchanges

6T8:Germany

Address

3 Garden Road, Room 808 & 2101-06, ICBC Tower, Central, Hong Kong, HKG, 210010

Website

http://www.fosunholiday.com

Fosun Tourism Group is primarily engaged in providing pioneering and family-focused tourism and leisure solutions. The principal business activities of the group are resort; tourism destinations; and services and solutions in various tourism and leisure settings.

Fosun Tourism Group (HKSE:01992) Headlines

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