FS Development Investment Holdings (SZSE:300071) ROCE % : -3.66% (As of Mar. 2024)

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What is FS Development Investment 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. FS Development Investment Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.66%.

FS Development Investment Holdings ROCE % Historical Data

The historical data trend for FS Development Investment 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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FS Development Investment Holdings ROCE % Chart

FS Development Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.49

4,634.81

6.30

-7.36

FS Development Investment Holdings 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															-28.67	3.58	-0.65	-4.45	-3.66

FS Development Investment Holdings ROCE % Calculation

FS Development Investment Holdings'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 )
	=	-32.874	/	( ( (1174.556 - 755.872)	+	(1273.387 - 799.075) )	/ 2 )
	=	-32.874	/	( (418.684	+	474.312)	/ 2 )
	=	-32.874	/	446.498
	=	-7.36 %

FS Development Investment Holdings'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 )
	=	-17.652	/	( ( (1273.387 - 799.075)	+	(1339.312 - 849.379) )	/ 2 )
	=	-17.652	/	( ( 474.312	+	489.933 )	/ 2 )
	=	-17.652	/	482.1225
	=	-3.66 %

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

FS Development Investment Holdings (SZSE:300071) 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.

FS Development Investment Holdings ROCE % Related Terms

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FS Development Investment Holdings (SZSE:300071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » FS Development Investment Holdings (SZSE:300071) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 30, Shixing Street, Room 512, Building 8, Shijingshan District, Beijing, CHN, 100005

Website

http://www.spearhead.com.cn

FS Development Investment Holdings formerly Spearhead Integrated Marketing Communication Group is an offline marketing service provider. It is engaged in public relations advertising, digital marketing, content marketing, big data marketing.

Executives

Chen Yong Liang	Directors, executives
Li Ling Bo	Executives
Chen Zhong Hua	Director
Xie Tao	Supervisors

FS Development Investment Holdings (SZSE:300071) Headlines

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