Feiyang International Holdings Group (HKSE:01901) ROCE % : -43.73% (As of Dec. 2023)

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What is Feiyang International Holdings Group 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. Feiyang International Holdings Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -43.73%.

Feiyang International Holdings Group ROCE % Historical Data

The historical data trend for Feiyang International Holdings Group'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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Feiyang International Holdings Group ROCE % Chart

Feiyang International Holdings Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.06

-46.10

-155.70

-34.01

1.06

Feiyang International Holdings Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-285.26	-37.89	-18.60	43.29	-43.73

Feiyang International Holdings Group ROCE % Calculation

Feiyang International Holdings Group'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 )
	=	1.085	/	( ( (422.573 - 314.077)	+	(620.045 - 523.648) )	/ 2 )
	=	1.085	/	( (108.496	+	96.397)	/ 2 )
	=	1.085	/	102.4465
	=	1.06 %

Feiyang International Holdings Group'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 )
	=	-44.856	/	( ( (500.492 - 391.751)	+	(620.045 - 523.648) )	/ 2 )
	=	-44.856	/	( ( 108.741	+	96.397 )	/ 2 )
	=	-44.856	/	102.569
	=	-43.73 %

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

Feiyang International Holdings Group (HKSE:01901) 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.

Feiyang International Holdings Group ROCE % Related Terms

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Feiyang International Holdings Group (HKSE:01901) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Feiyang International Holdings Group Ltd (HKSE:01901) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

(1-140) 30 Dashani Street, Haishu District, Zhejiang, Ningbo, CHN

Website

https://www.iflying.com

Feiyang International Holdings Group Ltd is a travel service provider. It is principally engaged in the design, development and sales of outbound travel package tours; the design, development and sales of FIT Products; and the provision of other ancillary travel-related products and services. The company derives maximum revenue from Sales of package tours. Geographically, it generates a majority of revenue from China.

Executives

He Binfeng	2101 Beneficial owner
Qian Jie	2202 Interest of your spouse
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Qian Jie	2202 Interest of your spouse

Feiyang International Holdings Group (HKSE:01901) Headlines

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