Be Wary Of FGI Industries (NASDAQ:FGI) And Its Returns On Capital [Yahoo! Finance]
FGI Industries Ltd. - Ordinary Shares (FGI)
Company Research
Source: Yahoo! Finance
employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Having said that, from a first glance at FGI Industries NASDAQ:FGI ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on FGI Industries is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.056 = US$2.1m ÷ (US$67m - US$30m) (Based on the trailing twelve months to September 2023) So, FGI Industries has an ROCE of 5.6%. Ultimately, that's a low return and it under-performs the Trade Distributors industry average of 13%. View
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FGI
News
- FGI Industries Ltd. (NASDAQ:FGI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL - YEAR 2023 RESULTS [Yahoo! Finance]Yahoo! Finance
- FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL - YEAR 2023 RESULTSPR Newswire
- FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 RESULTS CONFERENCE CALL DATE [Yahoo! Finance]Yahoo! Finance
- FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 RESULTS CONFERENCE CALL DATEPR Newswire
FGI
Earnings
- 3/20/24 - Beat
FGI
Sec Filings
- 4/29/24 - Form DEF
- 4/9/24 - Form S-3
- 4/8/24 - Form 3
- FGI's page on the SEC website