Foresight Group Holdings (LSE:FSG) ROCE % : 4.44% (As of Mar. 2023)

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What is Foresight Group 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. Foresight Group Holdings's annualized ROCE % for the quarter that ended in Mar. 2023 was 4.44%.

Foresight Group Holdings ROCE % Historical Data

The historical data trend for Foresight Group 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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Foresight Group Holdings ROCE % Chart

Foresight Group Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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30.69

10.91

39.65

44.89

32.24

Foresight Group Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial					32.86	45.86	44.84	57.73	4.44

Foresight Group Holdings ROCE % Calculation

Foresight Group Holdings'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 )
	=	28.175	/	( ( (98.858 - 26.94)	+	(144.603 - 41.74) )	/ 2 )
	=	28.175	/	( (71.918	+	102.863)	/ 2 )
	=	28.175	/	87.3905
	=	32.24 %

Foresight Group Holdings's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	4.662	/	( ( (157.392 - 50.244)	+	(144.603 - 41.74) )	/ 2 )
	=	4.662	/	( ( 107.148	+	102.863 )	/ 2 )
	=	4.662	/	105.0055
	=	4.44 %

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

Foresight Group Holdings (LSE:FSG) 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.

Foresight Group Holdings ROCE % Related Terms

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Foresight Group Holdings (LSE:FSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Foresight Group Holdings Ltd (LSE:FSG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FSGl:UK 9LR:Germany

Address

32 London Bridge Street, The Shard, London, GBR, SE1 9SG

Website

https://www.foresightgroup.eu

Foresight Group Holdings Ltd is an asset management company. The company is an independent infrastructure and private equity investment manager. It invests in renewable energy businesses and social infrastructure projects.

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