Finexia Financial Group (ASX:FNX) ROCE % : 9.90% (As of Dec. 2023)

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What is Finexia Financial 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. Finexia Financial Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.90%.

Finexia Financial Group ROCE % Historical Data

The historical data trend for Finexia Financial 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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Finexia Financial Group ROCE % Chart

Finexia Financial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-26.08

-12.83

29.40

38.68

25.26

Finexia Financial Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															58.28	22.34	14.96	27.39	9.90

Finexia Financial Group ROCE % Calculation

Finexia Financial Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	9.326	/	( ( (53.08 - 33.426)	+	(77.738 - 23.564) )	/ 2 )
	=	9.326	/	( (19.654	+	54.174)	/ 2 )
	=	9.326	/	36.914
	=	25.26 %

Finexia Financial 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 )
	=	7.29	/	( ( (77.738 - 23.564)	+	(97.44 - 4.341) )	/ 2 )
	=	7.29	/	( ( 54.174	+	93.099 )	/ 2 )
	=	7.29	/	73.6365
	=	9.90 %

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

Finexia Financial Group (ASX:FNX) 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.

Finexia Financial Group ROCE % Related Terms

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Finexia Financial Group (ASX:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Finexia Financial Group Ltd (ASX:FNX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

264 George Street, Level 18, Australia Square Tower Building, Sydney, NSW, AUS, 2000

Website

https://www.finexia.com.au

Finexia Financial Group Ltd is a diversified financial services firm with operations in Australia. It provides a wide range of financial services including corporate advisory funds management and wealth management to retail, wholesale, and corporate clients. The company's operating segments include Stockbroking and Corporate Advisory, Funds and Asset Management, and Private Credit.