Freedom Holding (UKEX:FRHC) ROCE % : 50.24% (As of Dec. 2023)

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What is Freedom Holding 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. Freedom Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 50.24%.

Freedom Holding ROCE % Historical Data

The historical data trend for Freedom Holding'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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Freedom Holding ROCE % Chart

Freedom Holding Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.98

20.37

61.73

81.20

39.68

Freedom Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															36.22	42.59	46.06	65.40	50.24

Freedom Holding ROCE % Calculation

Freedom Holding'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 )
	=	17462.381	/	( ( (126795.804 - 97499.189)	+	(199576.274 - 140860.619) )	/ 2 )
	=	17462.381	/	( (29296.615	+	58715.655)	/ 2 )
	=	17462.381	/	44006.135
	=	39.68 %

Freedom Holding'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 )
	=	38127.604	/	( ( (280188.822 - 212333.506)	+	(292385.739 - 208453.853) )	/ 2 )
	=	38127.604	/	( ( 67855.316	+	83931.886 )	/ 2 )
	=	38127.604	/	75893.601
	=	50.24 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Freedom Holding (UKEX:FRHC) 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.

Freedom Holding ROCE % Related Terms

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Freedom Holding (UKEX:FRHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Freedom Holding Corp (UKEX:FRHC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FRHC:USA FRHC_KZ:Kazakhstan DMW2:Germany

Address

No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040

Website

https://www.freedomholdingcorp.com

Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.