FingerTango (HKSE:06860) ROCE % : 9.08% (As of Dec. 2023)

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What is FingerTango 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. FingerTango's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.08%.

FingerTango ROCE % Historical Data

The historical data trend for FingerTango'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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FingerTango ROCE % Chart

FingerTango Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.26

11.11

-43.60

-14.14

2.00

FingerTango 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											-93.06	-15.05	-13.78	-4.97	9.08

FingerTango ROCE % Calculation

FingerTango'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 )
	=	17.612	/	( ( (1179.54 - 289.641)	+	(1106.796 - 232.302) )	/ 2 )
	=	17.612	/	( (889.899	+	874.494)	/ 2 )
	=	17.612	/	882.1965
	=	2.00 %

FingerTango'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 )
	=	78.57	/	( ( (1091.855 - 236.321)	+	(1106.796 - 232.302) )	/ 2 )
	=	78.57	/	( ( 855.534	+	874.494 )	/ 2 )
	=	78.57	/	865.014
	=	9.08 %

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

FingerTango (HKSE:06860) 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.

FingerTango ROCE % Related Terms

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FingerTango (HKSE:06860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » FingerTango Inc (HKSE:06860) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 248 Qiaotou Street, Building 5, Zone A, Huaxin Kechuang Island,, Haizhu District, Guangzhou, CHN

Website

https://www.fingertango.com

FingerTango Inc is a mobile gamer publisher in China with a focus on SLG games. The company and its subsidiaries are principally engaged in the development, operation, and publishing of mobile game business in the People's Republic of China. The company's main games include Tank Frontline, Three Heroes, Super Fleet, Romance of Stars, Wartime, The Age of Rome and My Duty. It markets its products throughout China.

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