Flexdeal Simfe (XLIS:FLEXD) ROCE % : 2.92% (As of Sep. 2023)

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What is Flexdeal Simfe 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. Flexdeal Simfe's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.92%.

Flexdeal Simfe ROCE % Historical Data

The historical data trend for Flexdeal Simfe'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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Flexdeal Simfe ROCE % Chart

Flexdeal Simfe Annual Data

Trend

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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5.36

0.66

1.29

0.98

1.96

Flexdeal Simfe Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial							4.20	1.41	0.56	0.95	2.92

Flexdeal Simfe ROCE % Calculation

Flexdeal Simfe's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	0.426	/	( ( (22.667 - 0.977)	+	(22.667 - 0.883) )	/ 2 )
	=	0.426	/	( (21.69	+	21.784)	/ 2 )
	=	0.426	/	21.737
	=	1.96 %

Flexdeal Simfe's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	0.644	/	( ( (23.275 - 0.965)	+	(22.667 - 0.883) )	/ 2 )
	=	0.644	/	( ( 22.31	+	21.784 )	/ 2 )
	=	0.644	/	22.047
	=	2.92 %

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

Flexdeal Simfe (XLIS:FLEXD) 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.

Flexdeal Simfe ROCE % Related Terms

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Flexdeal Simfe (XLIS:FLEXD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Flexdeal Simfe SA (XLIS:FLEXD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Dr. Francisco Torres N.78, Barcelos, PRT, 4750-160

Website

https://www.flexdeal.pt

Flexdeal Simfe SA is an investment managment company. The company invests in securities issued by companies eligible for investment by movable investment companies to promote the economy.

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