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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. FIGS's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.45%.
The historical data trend for FIGS'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.
FIGS Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | -0.83 | 80.99 | 5.76 | 13.15 | 9.21 |
FIGS Quarterly Data | |||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 4.12 | 4.00 | 7.62 | 10.97 | 14.45 |
FIGS'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 ) | |||||
= | 34.045 | / | ( ( (395.064 - 71.393) | + | (473.209 - 57.292) ) | / 2 ) | |
= | 34.045 | / | ( (323.671 | + | 415.917) | / 2 ) | |
= | 34.045 | / | 369.794 | ||||
= | 9.21 % |
FIGS'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 ) | |||||
= | 56.912 | / | ( ( (441.781 - 70.221) | + | (473.209 - 57.292) ) | / 2 ) | |
= | 56.912 | / | ( ( 371.56 | + | 415.917 ) | / 2 ) | |
= | 56.912 | / | 393.7385 | ||||
= | 14.45 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
FIGS (NYSE:FIGS) 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.
Thank you for viewing the detailed overview of FIGS's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniella Turenshine | officer: Chief Financial Officer | C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Heather L. Hasson | director, 10 percent owner, officer: Co-Chief Executive Officer | C/O G SQUARED ASCEND MANAGEMENT I, LLC, 205 N MICHIGAN AVENUE SUITE 3770, CHICAGO IL 60601 |
Mario Jesus Marte | director | C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322 |
Catherine Eva Spear | director, 10 percent owner, officer: Co-Chief Executive Officer | 16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129 |
Michael J Soenen | director | C/O FIGS INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Thomas Tull | 10 percent owner | 27 N. WACKER DRIVE #523, CHICAGO IL 60606 |
Jeffrey A Wilke | director | PO BOX 81226, SEATTLE WA 98108-1226 |
Alan G Lafley | director | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Kenneth Jian-hong Lin | director | C/O FIGS, INC., 2834 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Tulco, Llc | 10 percent owner | 1000 COMMERCE DRIVE, 2ND FLOOR, PITTSBURGH PA 15275 |
Viking Global Investors Lp | 10 percent owner | 600 WASHINGTON BLVD., FLOOR 11, STAMFORD CT 06901 |
Sheila Antrum | director | 5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024 |
John Martin Willhite | director | C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Christopher Peter Varelas | director | C/O FIGS, INC., 2824 COLORADO AVENUE, SUITE 100, SANTA MONICA CA 90404 |
Jeffrey D Lawrence | officer: Chief Financial Officer | 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105 |
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