Fletcher King (LSE:FLK) ROCE % : 2.58% (As of Oct. 2023)

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What is Fletcher King 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. Fletcher King's annualized ROCE % for the quarter that ended in Oct. 2023 was 2.58%.

Fletcher King ROCE % Historical Data

The historical data trend for Fletcher King'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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Fletcher King ROCE % Chart

Fletcher King Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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6.75

2.37

-20.83

3.82

4.74

Fletcher King Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															0.83	6.91	1.92	7.68	2.58

Fletcher King ROCE % Calculation

Fletcher King'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 )
	=	0.211	/	( ( (6.188 - 1.759)	+	(5.51 - 1.042) )	/ 2 )
	=	0.211	/	( (4.429	+	4.468)	/ 2 )
	=	0.211	/	4.4485
	=	4.74 %

Fletcher King'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 )
	=	0.114	/	( ( (5.51 - 1.042)	+	(4.937 - 0.56) )	/ 2 )
	=	0.114	/	( ( 4.468	+	4.377 )	/ 2 )
	=	0.114	/	4.4225
	=	2.58 %

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

Fletcher King (LSE:FLK) 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.

Fletcher King ROCE % Related Terms

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Fletcher King (LSE:FLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fletcher King PLC (LSE:FLK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FLK.GB:UK

Address

19-20 Great Pulteney Street, Soho, London, GBR, W1F 9NF

Website

https://www.fletcherking.co.uk

Fletcher King PLC is a property fund management company. The company along with its subsidiaries provides a comprehensive range of property services and advice including property fund management, property asset management, rating, valuations, and investment broking throughout the United Kingdom. The group is organized into one operating segment which is General Services. It generates the majority of its revenue from the UK.

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