FintechWerx International Software Services (XCNQ:WERX) ROCE % : -47.20% (As of Oct. 2023)

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What is FintechWerx International Software Services 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. FintechWerx International Software Services's annualized ROCE % for the quarter that ended in Oct. 2023 was -47.20%.

FintechWerx International Software Services ROCE % Historical Data

The historical data trend for FintechWerx International Software Services'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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FintechWerx International Software Services ROCE % Chart

FintechWerx International Software Services Annual Data

Trend

Apr23

ROCE %

FintechWerx International Software Services Quarterly Data
	Jul23	Oct23
ROCE %	-56.15	-47.20

FintechWerx International Software Services ROCE % Calculation

FintechWerx International Software Services's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: . 20 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: . 20 )		(A: Apr. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

FintechWerx International Software Services's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.308	/	( ( (0.859 - 0.168)	+	(0.785 - 0.171) )	/ 2 )
	=	-0.308	/	( ( 0.691	+	0.614 )	/ 2 )
	=	-0.308	/	0.6525
	=	-47.20 %

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

FintechWerx International Software Services (XCNQ:WERX) 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.

FintechWerx International Software Services ROCE % Related Terms

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FintechWerx International Software Services (XCNQ:WERX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FintechWerx International Software Services Inc (XCNQ:WERX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

https://www.fintechwerx.com

FintechWerx International Software Services Inc is an e-commerce technology company. The Company is engaged in delivering enrollment, automated identity verification, payment solutions, and data management services. The FintechWerx Platform is a combination of both licensed and proprietary software together the Technology Stack that provides a single comprehensive, suite of services for small to medium sized enterprises.

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