Bowen Fintech (LSE:BWN) ROCE % : -5.44% (As of Oct. 2023)

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What is Bowen Fintech 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. Bowen Fintech's annualized ROCE % for the quarter that ended in Oct. 2023 was -5.44%.

Bowen Fintech ROCE % Historical Data

The historical data trend for Bowen Fintech'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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Bowen Fintech ROCE % Chart

Bowen Fintech Annual Data

Trend

Apr22

Apr23

ROCE %

-29.84

Bowen Fintech Semi-Annual Data
	Apr22	Oct22	Apr23	Oct23
ROCE %	-	-21.72	-17.48	-5.44

Bowen Fintech ROCE % Calculation

Bowen Fintech's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-0.248	/	( ( (0.009 - 0.024)	+	(1.74 - 0.063) )	/ 2 )
	=	-0.248	/	( (-0.015	+	1.677)	/ 2 )
	=	-0.248	/	0.831
	=	-29.84 %

Bowen Fintech's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	-0.09	/	( ( (1.74 - 0.063)	+	(1.649 - 0.017) )	/ 2 )
	=	-0.09	/	( ( 1.677	+	1.632 )	/ 2 )
	=	-0.09	/	1.6545
	=	-5.44 %

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

Bowen Fintech (LSE:BWN) 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.

Bowen Fintech ROCE % Related Terms

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Bowen Fintech (LSE:BWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bowen Fintech PLC (LSE:BWN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Ince Gordon Dadds LLP, 2 Leman Street, Aldgate Tower, London, GBR, E1 8QN

Website

https://www.ukbowen.com

Bowen Fintech PLC objective is to undertake an acquisition of a target company or asset in the technology innovations sector with a particular focus on the financial services industry.