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Massivit 3D Printing Technologies (XTAE:MSVT) ROCE % : -27.40% (As of Dec. 2023)


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What is Massivit 3D Printing Technologies 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. Massivit 3D Printing Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.40%.


Massivit 3D Printing Technologies ROCE % Historical Data

The historical data trend for Massivit 3D Printing Technologies'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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Massivit 3D Printing Technologies ROCE % Chart

Massivit 3D Printing Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
-219.56 -34.13 -32.04 -28.41

Massivit 3D Printing Technologies Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % Get a 7-Day Free Trial -21.71 -36.43 -29.12 -29.36 -27.40

Massivit 3D Printing Technologies ROCE % Calculation

Massivit 3D Printing Technologies'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 )
=-33.29/( ( (155.655 - 20.711) + (121.153 - 21.738) )/ 2 )
=-33.29/( (134.944+99.415)/ 2 )
=-33.29/117.1795
=-28.41 %

Massivit 3D Printing Technologies'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 )
=-29.622/( ( (138.104 - 21.336) + (121.153 - 21.738) )/ 2 )
=-29.622/( ( 116.768 + 99.415 )/ 2 )
=-29.622/108.0915
=-27.40 %

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

* 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.


Massivit 3D Printing Technologies  (XTAE:MSVT) 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.


Massivit 3D Printing Technologies ROCE % Related Terms

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Massivit 3D Printing Technologies (XTAE:MSVT) Business Description

Traded in Other Exchanges
N/A
Address
11 Pesakh Lev Street, Lod, ISR, 712936
Massivit 3D Printing Technologies Ltd is engaged in providing 3D printing solutions for the Engineering, Visual Communications, Entertainment, Academia, Interior Design, and Architectural markets.

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