Foresight Autonomous Holdings (Foresight Autonomous Holdings) ROCE % : -78.49% (As of Dec. 2023)

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What is Foresight Autonomous Holdings 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. Foresight Autonomous Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -78.49%.

Foresight Autonomous Holdings ROCE % Historical Data

The historical data trend for Foresight Autonomous Holdings'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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Foresight Autonomous Holdings ROCE % Chart

Foresight Autonomous Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-73.56

-39.38

-32.32

-43.08

-68.71

Foresight Autonomous Holdings 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															-56.74	-66.02	-75.15	-87.09	-78.49

Foresight Autonomous Holdings ROCE % Calculation

Foresight Autonomous Holdings'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 )
	=	-16.291	/	( ( (32.893 - 2.634)	+	(19.31 - 2.152) )	/ 2 )
	=	-16.291	/	( (30.259	+	17.158)	/ 2 )
	=	-16.291	/	23.7085
	=	-68.71 %

Foresight Autonomous Holdings'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 )
	=	-13.192	/	( ( (18.801 - 2.343)	+	(19.31 - 2.152) )	/ 2 )
	=	-13.192	/	( ( 16.458	+	17.158 )	/ 2 )
	=	-13.192	/	16.808
	=	-78.49 %

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

Foresight Autonomous Holdings (NAS:FRSX) 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.

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Foresight Autonomous Holdings (Foresight Autonomous Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Foresight Autonomous Holdings Ltd (NAS:FRSX) » Definitions » ROCE %

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Traded in Other Exchanges

FRSX:Israel

Address

7 Golda Meir Street, Weizmann Science Park, Ness Ziona, ISR, 7403650

Website

https://www.foresightauto.com

Foresight Autonomous Holdings Ltd is a technology company engaged in the design, development and commercialization of vision systems for the automotive industry. The company develops both in-line-of-sight vision systems and beyond-line-of-sight cellular-based applications through its wholly-owned subsidiaries. Its systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is pursuing several markets and believes its advanced systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform.