Investors Will Want Fletcher Building's (NZSE:FBU) Growth In ROCE To Persist [Yahoo! Finance]
FLETCHER BLDG SP/ADR (FCREY)
NASDAQ:AMEX Investor Relations:
fletcherbuilding.com/investor-centre
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Fletcher Building NZSE:FBU ) looks quite promising in regards to its trends of return on capital. What Is Return On Capital Employed (ROCE)? For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Fletcher Building, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.11 = NZ$748m ÷ (NZ$9.1b - NZ$2.2b) (Based on the trailing twelve months to December 2023) So, Fletcher Building has an ROCE of 11%. In absolute terms, that's a pretty normal return, and it's somewhat cl
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News
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