Name: Return on Capital Employed (ROCE)

Definition: ROCE looks at how effectively the company uses all long-term capital — both debt and equity — to generate profits. It’s a good way to compare companies with different financing structures. Higher ROCE means the company makes good returns on every dollar invested in its business operations.

Interpretation:
• In '2021', FLX's return on capital employed was -88.0%, indicating returns achieved on invested capital. Industry average for Trucking Freight/Courier Services in '2021' stood at 17.4%.
• In '2022', FLX's return on capital employed was -91.9%, indicating returns achieved on invested capital. The decline from '2021' may indicate some operational or financial challenges. Industry average for Trucking Freight/Courier Services in '2022' stood at 20.7%. Industry average increased by 3.4% compared to previous year.
• In '2023', FLX's return on capital employed was 3.1%, indicating returns achieved on invested capital. The increase since '2022' reflects strengthening financial performance. Industry average for Trucking Freight/Courier Services in '2023' stood at 14.7%. Industry average declined by 6.0% from previous year.
• In '2024', FLX's return on capital employed was -3.3%, indicating returns achieved on invested capital. The decline from '2023' may indicate some operational or financial challenges. Industry average for Trucking Freight/Courier Services in '2024' stood at 10.4%. Industry average declined by 4.4% from previous year.
Overall, FLX's return on capital employed has been volatile but showed an upward trend over the past 4 years.

Formula: ROCE = EBIT / (Total Assets - Current Liabilities)

Good Range: Often 8%-20%.