Figeac Aero (XPAR:FGA) ROCE % : 1.92% (As of Sep. 2023)

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What is Figeac Aero 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. Figeac Aero's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.92%.

Figeac Aero ROCE % Historical Data

The historical data trend for Figeac Aero'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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Figeac Aero ROCE % Chart

Figeac Aero Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.18

-8.48

-12.05

-10.52

-1.97

Figeac Aero Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-9.78	-8.96	-3.27	-0.44	1.92

Figeac Aero ROCE % Calculation

Figeac Aero'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 )
	=	-7.309	/	( ( (636.785 - 351.405)	+	(701.954 - 245.735) )	/ 2 )
	=	-7.309	/	( (285.38	+	456.219)	/ 2 )
	=	-7.309	/	370.7995
	=	-1.97 %

Figeac Aero'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 )
	=	8.448	/	( ( (701.954 - 245.735)	+	(663.64 - 240.663) )	/ 2 )
	=	8.448	/	( ( 456.219	+	422.977 )	/ 2 )
	=	8.448	/	439.598
	=	1.92 %

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

Figeac Aero (XPAR:FGA) 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.

Figeac Aero ROCE % Related Terms

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Figeac Aero (XPAR:FGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Figeac Aero SA (XPAR:FGA) » Definitions » ROCE %

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1F1:Germany

Address

Industrial Zone Aiguille, Figeac, FRA, 46100

Website

http://www.figeac-aero.com

Figeac Aero SA is a manufacturer of aeronautical sub-assemblies. The company currently organizes its business into the following areas: Metal Processing, Surface Treatment, and Assembly. Under its Metal Processing division, the company produces light alloy (aluminium) and hard metal (titanium, Inconel and steel) aerospace parts. The company offers a wide range of services under its Surface Treatment division such as chemical machining, sandblasting, polishing, heat treatment, among others. It offers assembly services to its customers as a logical complement to its aerospace industry component parts production.

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