Forum Pacific (PHS:FPI) ROCE % : -0.76% (As of Mar. 2024)

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What is Forum Pacific 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. Forum Pacific's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.76%.

Forum Pacific ROCE % Historical Data

The historical data trend for Forum Pacific'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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Forum Pacific ROCE % Chart

Forum Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.60

-0.67

1.01

0.92

1.04

Forum Pacific Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.67	-0.45	-0.48	5.77	-0.76

Forum Pacific ROCE % Calculation

Forum Pacific'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 )
	=	3.512	/	( ( (341.312 - 2.176)	+	(342.364 - 3.538) )	/ 2 )
	=	3.512	/	( (339.136	+	338.826)	/ 2 )
	=	3.512	/	338.981
	=	1.04 %

Forum Pacific's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.568	/	( ( (342.364 - 3.538)	+	(342.041 - 3.421) )	/ 2 )
	=	-2.568	/	( ( 338.826	+	338.62 )	/ 2 )
	=	-2.568	/	338.723
	=	-0.76 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Forum Pacific (PHS:FPI) 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.

Forum Pacific ROCE % Related Terms

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Forum Pacific (PHS:FPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Forum Pacific Inc (PHS:FPI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dona Julia Vargas Avenue, 35th Floor, One Corporate Center, Corner Meralco Avenue, Ortigas Center, Pasig City, PHL, 1605

Website

http://www.forumpacific.com

Forum Pacific Inc is Philippines based company engaged in investing, purchasing and acquiring assets of any kind and description with the secondary purpose of engaging in the exploration, development, and production of petroleum and related products as well as other mineral and chemical substance.