Fiera Capital (TSX:FSZ) ROCE % : 25.71% (As of Dec. 2023)

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What is Fiera Capital 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. Fiera Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.71%.

Fiera Capital ROCE % Historical Data

The historical data trend for Fiera Capital'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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Fiera Capital ROCE % Chart

Fiera Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.58

3.52

10.90

7.20

12.58

Fiera Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.50	3.88	10.16	11.34	25.71

Fiera Capital ROCE % Calculation

Fiera Capital'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 )
	=	136.023	/	( ( (1329.331 - 225.893)	+	(1287.964 - 228.693) )	/ 2 )
	=	136.023	/	( (1103.438	+	1059.271)	/ 2 )
	=	136.023	/	1081.3545
	=	12.58 %

Fiera Capital'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 )
	=	273.824	/	( ( (1246.023 - 175.495)	+	(1287.964 - 228.693) )	/ 2 )
	=	273.824	/	( ( 1070.528	+	1059.271 )	/ 2 )
	=	273.824	/	1064.8995
	=	25.71 %

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

Fiera Capital (TSX:FSZ) 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.

Fiera Capital ROCE % Related Terms

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Fiera Capital (TSX:FSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fiera Capital Corp (TSX:FSZ) » Definitions » ROCE %

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FRRPF:USA ZFS:Germany

Address

1981 McGill College Avenue, Suite 1500, Montreal, QC, CAN, H3A 0H5

Website

https://www.fieracapital.com

Fiera Capital Corp is a asset management firm which delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients. The company offers institutional clients a complete range of traditional and alternative investment strategies through specialized and balanced mandates. Its geographical segments are Canada, United States, and Europe & other. The company derives majority of the revenue from United States.