Dror Ortho-Design (Dror Ortho-Design) ROCE % : -385.07% (As of Dec. 2023)

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What is Dror Ortho-Design 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. Dror Ortho-Design's annualized ROCE % for the quarter that ended in Dec. 2023 was -385.07%.

Dror Ortho-Design ROCE % Historical Data

The historical data trend for Dror Ortho-Design'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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Dror Ortho-Design ROCE % Chart

Dror Ortho-Design Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6,607.84

-232.74

Dror Ortho-Design Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-190.72	-385.07

Dror Ortho-Design ROCE % Calculation

Dror Ortho-Design'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 )
	=	-4.379	/	( ( (1.143 - 0.547)	+	(3.464 - 0.297) )	/ 2 )
	=	-4.379	/	( (0.596	+	3.167)	/ 2 )
	=	-4.379	/	1.8815
	=	-232.74 %

Dror Ortho-Design's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-12.228	/	( ( (4.165 - 0.981)	+	(3.464 - 0.297) )	/ 2 )
	=	-12.228	/	( ( 3.184	+	3.167 )	/ 2 )
	=	-12.228	/	3.1755
	=	-385.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Dror Ortho-Design (OTCPK:DROR) 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.

Dror Ortho-Design ROCE % Related Terms

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Dror Ortho-Design (Dror Ortho-Design) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Dror Ortho-Design Inc (OTCPK:DROR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Merrick Road, Suite 400W, Rockville Center, New York, NY, USA, 11570

Website

https://www.novint.com

Dror Ortho-Design Inc Formerly Novint Technologies Inc is engaged in the development and sale of 3D haptics products and equipment. The company's focus is on the consumer interactive computer gaming market, but it also does project work in other areas. Its operations are based in New Mexico with sales of its haptics products primarily to consumers through retail outlets.

Executives

Eliyahu Haddad	director, officer: Chief Executive Officer	SHATNER STREET 3, JERUSALEM L3 NA
Chaim Ravad	director	SHATNER STREET 3, JERUSALEM L3 NA
Yehuda Englander	director	SHATNER STREET 3, JERUSALEM L3 NA
Moshe Shvets	director, officer: Chief Technology Officer	SHATNER STREET 3, JERUSALEM L3 NA
Chaim Hurvitz	director	C/O GALMED PHARMACEUTICALS LTD., 8 SHAUL, HAMELECH BLVD, AMOT HAMISHPAT BLDG., TEL AVIV L3 64733
Orin Hirschman	director, officer: Chief Executive Officer	101 EAST 52ND ST, NEW YORK NY 10022
Ryan Christoff	director	480 JOHNSON ROAD SUITE 303, WASHINGTON PA 15301
Congregation Ahavas Tzdokah Vchesed Inc.	10 percent owner, other: See Explanation of Responses	1347 42ND STREET, BROOKLYN NY 11219
Ellis International L.p.	other: See Explanation of Responses	100 MERRICK ROAD, SUITE 400W, ROCKVILLE CENTRE NY 11570
Brian W Long	director	1010 OHIO RIVER BLVD., PITTSBURGH PA 15202
Shannon Lee Vissman	director, 10 percent owner	1241 TURNBERRY DRIVE, UPPER ST. CLAIR PA 15241
Jan K Richardson	director	1821 HILLANDALE RD., SUITE 307, DURHAM NC 27705
Aigh Investment Partners, Llc	10 percent owner	6006 BERKELEY AVENUE, BALTIMORE MD 21209
V Gerald Grafe	director	901 RIO GRANDE BOULEVARD NW, BUILDING H, SUITE 262, ALBUQUERQUE NM 87104
Walter A Aviles	10 percent owner, officer: Chief Technical Officer	9620 SAN MATEO BOULEVARD NE, ALBUQUERQUE NM 87113

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