Franbo Lines (ROCO:2641) ROCE % : 8.46% (As of Mar. 2024)

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What is Franbo Lines 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. Franbo Lines's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.46%.

Franbo Lines ROCE % Historical Data

The historical data trend for Franbo Lines'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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Franbo Lines ROCE % Chart

Franbo Lines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.10

4.52

9.30

22.38

7.98

Franbo Lines 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															6.63	7.65	11.13	8.06	8.46

Franbo Lines ROCE % Calculation

Franbo Lines'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 )
	=	615.057	/	( ( (8012.292 - 1028.962)	+	(8933.085 - 507.668) )	/ 2 )
	=	615.057	/	( (6983.33	+	8425.417)	/ 2 )
	=	615.057	/	7704.3735
	=	7.98 %

Franbo Lines'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 )
	=	728.3	/	( ( (8933.085 - 507.668)	+	(9380.166 - 582.786) )	/ 2 )
	=	728.3	/	( ( 8425.417	+	8797.38 )	/ 2 )
	=	728.3	/	8611.3985
	=	8.46 %

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

Franbo Lines (ROCO:2641) 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.

Franbo Lines ROCE % Related Terms

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Franbo Lines (ROCO:2641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Franbo Lines Corp (ROCO:2641) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Haibian Road, 3rd Floor, No.31, Lingya District, Kaohsiung, TWN, 802

Website

http://www.franbo.com.tw

Franbo Lines Corp is a Taiwan based company engaged in offering ocean transport, consulting and shipping agency services. It provides the ship freight forwarder, ship chartering, ship operation and other services. Its business areas include Time charter of vessel, Freight forwarding service and Vessel management. The company owned the vessels with the official cross-strait direct flights were given special permission which is one of the majority's bulk carrier and general cargo shipping business between China and Taiwan.

Franbo Lines (ROCO:2641) Headlines

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