iXensor Co (ROCO:6734) ROCE % : -99.02% (As of Dec. 2023)

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What is iXensor Co 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. iXensor Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -99.02%.

iXensor Co ROCE % Historical Data

The historical data trend for iXensor Co'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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iXensor Co ROCE % Chart

iXensor Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-52.21

-63.66

-106.09

-6.30

-82.92

iXensor Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									-68.46	29.49	-33.47	-90.53	-99.02

iXensor Co ROCE % Calculation

iXensor Co'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 )
	=	-62.7	/	( ( (104.72 - 11.199)	+	(96.378 - 38.67) )	/ 2 )
	=	-62.7	/	( (93.521	+	57.708)	/ 2 )
	=	-62.7	/	75.6145
	=	-82.92 %

iXensor Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-57.04	/	( ( (78.082 - 20.583)	+	(96.378 - 38.67) )	/ 2 )
	=	-57.04	/	( ( 57.499	+	57.708 )	/ 2 )
	=	-57.04	/	57.6035
	=	-99.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

iXensor Co (ROCO:6734) 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.

iXensor Co ROCE % Related Terms

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iXensor Co (ROCO:6734) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iXensor Co Ltd (ROCO:6734) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Lane 2, Lane 35, Jihu Road, 6th Floor, Neihu District, Taipei, TWN, 11492

Website

https://www.ixensor.com

iXensor Co Ltd is a Taiwan based company involved in research and development, manufacturing and sales of medical equipment. Its PixoTest technology utilizes the lighting and image sensing module of the smartphone or mobile device to detect the color change reaction on the biochemical test strip. This enables the users to monitor their conditions of diabetes, cardiovascular diseases, women health problems, or infectious diseases.

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