MyFirstApp Sweden AB (XSAT:MFA) ROCE % : -35.65% (As of Dec. 2023)

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What is MyFirstApp Sweden AB 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. MyFirstApp Sweden AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -35.65%.

MyFirstApp Sweden AB ROCE % Historical Data

The historical data trend for MyFirstApp Sweden AB'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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MyFirstApp Sweden AB ROCE % Chart

MyFirstApp Sweden AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-36.64

-31.48

0.01

20.46

-42.64

MyFirstApp Sweden AB 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															1.50	-	-78.57	-29.77	-35.65

MyFirstApp Sweden AB ROCE % Calculation

MyFirstApp Sweden AB'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 )
	=	-3.994	/	( ( (1.825 - 1.107)	+	(21.457 - 3.443) )	/ 2 )
	=	-3.994	/	( (0.718	+	18.014)	/ 2 )
	=	-3.994	/	9.366
	=	-42.64 %

MyFirstApp Sweden AB'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 )
	=	-5.26	/	( ( (14.344 - 2.852)	+	(21.457 - 3.443) )	/ 2 )
	=	-5.26	/	( ( 11.492	+	18.014 )	/ 2 )
	=	-5.26	/	14.753
	=	-35.65 %

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

MyFirstApp Sweden AB (XSAT:MFA) 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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MyFirstApp Sweden AB (XSAT:MFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MyFirstApp Sweden AB (XSAT:MFA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karolinska Institutet Science Park, Fogdevreten 2, Solna, SWE, SE-171 65

Website

https://www.obstecare.com

MyFirstApp Sweden AB formerly Obstecare AB is a provider of medical solutions on improving delivery care for both the mother and the healthcare provider. The company offers AFL monitoring and AFL measurement description.