Frontier Transport Holdings (JSE:FTH) ROCE % : 23.80% (As of Sep. 2023)

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What is Frontier Transport Holdings 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 Transport Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 23.80%.

Frontier Transport Holdings ROCE % Historical Data

The historical data trend for Frontier Transport Holdings'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 Transport Holdings ROCE % Chart

Frontier Transport Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.79

23.19

16.09

19.70

20.62

Frontier Transport Holdings Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial									18.34	21.57	16.03	25.81	23.80

Frontier Transport Holdings ROCE % Calculation

Frontier Transport Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	401.283	/	( ( (2325.31 - 419.49)	+	(2410.296 - 423.225) )	/ 2 )
	=	401.283	/	( (1905.82	+	1987.071)	/ 2 )
	=	401.283	/	1946.4455
	=	20.62 %

Frontier Transport Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	488.618	/	( ( (2410.296 - 423.225)	+	(2578.035 - 459.874) )	/ 2 )
	=	488.618	/	( ( 1987.071	+	2118.161 )	/ 2 )
	=	488.618	/	2052.616
	=	23.80 %

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

Frontier Transport Holdings (JSE:FTH) 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 Transport Holdings ROCE % Related Terms

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Frontier Transport Holdings (JSE:FTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Transport Holdings Ltd (JSE:FTH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

103 Bofors Circle, Epping Industria, Cape Town, WC, ZAF, 7460

Website

http://www.hplr.co.za

Frontier Transport Holdings Ltd, formerly Hosken Passenger Logistics And Rail Ltd through its subsidiary provide a scheduled commuter bus operator in the Cape Metropole. It is engaged in the provision of passenger transport services within South Africa. The company operates in the luxury and semi-luxury coach markets.

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