Frontier Digital Ventures (ASX:FDV) ROCE % : -0.38% (As of Dec. 2023)

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What is Frontier Digital Ventures 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. Frontier Digital Ventures's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.38%.

Frontier Digital Ventures ROCE % Historical Data

The historical data trend for Frontier Digital Ventures'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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Frontier Digital Ventures ROCE % Chart

Frontier Digital Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.39

-15.13

-12.84

-8.11

-8.72

Frontier Digital Ventures Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										-17.40	-15.03	-1.15	-16.57	-0.38

Frontier Digital Ventures ROCE % Calculation

Frontier Digital Ventures'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 )
	=	-10.524	/	( ( (169.685 - 54.592)	+	(148.875 - 22.604) )	/ 2 )
	=	-10.524	/	( (115.093	+	126.271)	/ 2 )
	=	-10.524	/	120.682
	=	-8.72 %

Frontier Digital Ventures'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 )
	=	-0.492	/	( ( (156.745 - 23.778)	+	(148.875 - 22.604) )	/ 2 )
	=	-0.492	/	( ( 132.967	+	126.271 )	/ 2 )
	=	-0.492	/	129.619
	=	-0.38 %

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

Frontier Digital Ventures (ASX:FDV) 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.

Frontier Digital Ventures ROCE % Related Terms

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Frontier Digital Ventures (ASX:FDV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Frontier Digital Ventures Ltd (ASX:FDV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39-8, The Boulevard Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur, MYS, 59200

Website

https://www.frontierdv.com

Frontier Digital Ventures Ltd develops online classifieds businesses in underdeveloped, emerging countries or regions. It deals in property verticals, automotive verticals, and general classified websites.

Frontier Digital Ventures (ASX:FDV) Headlines

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