Funding Circle Holdings (LSE:FCH) ROCE % : -12.39% (As of Dec. 2023)

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What is Funding Circle 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. Funding Circle Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.39%.

Funding Circle Holdings ROCE % Historical Data

The historical data trend for Funding Circle 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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Funding Circle Holdings ROCE % Chart

Funding Circle Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.51

-34.63

20.20

-3.69

-11.53

Funding Circle Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial										13.23	0.88	-8.63	-11.06	-12.39

Funding Circle Holdings ROCE % Calculation

Funding Circle Holdings'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 )
	=	-33.2	/	( ( (384 - 63.7)	+	(373.2 - 117.7) )	/ 2 )
	=	-33.2	/	( (320.3	+	255.5)	/ 2 )
	=	-33.2	/	287.9
	=	-11.53 %

Funding Circle Holdings'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 )
	=	-33.2	/	( ( (362 - 81.7)	+	(373.2 - 117.7) )	/ 2 )
	=	-33.2	/	( ( 280.3	+	255.5 )	/ 2 )
	=	-33.2	/	267.9
	=	-12.39 %

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

Funding Circle Holdings (LSE:FCH) 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.

Funding Circle Holdings ROCE % Related Terms

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Funding Circle Holdings (LSE:FCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Funding Circle Holdings PLC (LSE:FCH) » Definitions » ROCE %

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FDCHF:USA FCHl:UK

Address

71 Queen Victoria Street, London, GBR, EC4V 4AY

Website

https://www.corporate.fundingcircle.com

Funding Circle Holdings PLC provides an online lending platform through which borrower loans are originated and allocated to investors and comprising the different online lending platforms across the company's geographies. The company's geographical segments include the United Kingdom, the United States, and developing markets. It derives the majority of its revenue from the United Kingdom region.