Fox-Wizel (XTAE:FOX) ROCE %

: 11.65% (As of Dec. 2023)

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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. Fox-Wizel's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.65%.

Fox-Wizel ROCE % Historical Data

The historical data trend for Fox-Wizel'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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Fox-Wizel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

17.24

10.99

14.57

9.52

8.19

Fox-Wizel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																8.96	2.47	11.92	6.74	11.65

Fox-Wizel ROCE % Calculation

Fox-Wizel'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 )
	=	436.376	/	( ( (6951.176 - 1968.705)	+	(7705.562 - 2026.131) )	/ 2 )
	=	436.376	/	( (4982.471	+	5679.431)	/ 2 )
	=	436.376	/	5330.951
	=	8.19 %

Fox-Wizel'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 )
	=	642.892	/	( ( (7521.119 - 2164.133)	+	(7705.562 - 2026.131) )	/ 2 )
	=	642.892	/	( ( 5356.986	+	5679.431 )	/ 2 )
	=	642.892	/	5518.2085
	=	11.65 %

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

Fox-Wizel (XTAE:FOX) 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.

Fox-Wizel ROCE % Related Terms

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Fox-Wizel (XTAE:FOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fox-Wizel Ltd (XTAE:FOX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hermon Street, POB 76 Ben Gurion Airport, Airport City, ISR, 70100

Website

http://www.fox.co.il

Fox-Wizel Ltd is an Israel-based company which is engaged in apparel manufacturing. The company business activities include design, production distribution, marketing and selling of fashion apparel for men, women, and children; housewares and textile products; footwear, bags, and accessories. It is also engaged in the production of soaps, candles, bath and aromatic products. The company owns a number of brands including Fox, American Eagle, Aerie, TCP, Charles & Keith, Laline and Mango. It organizes its business into two segments namely fashion and home fashion and aromatic bath and body care products. The company operates its business across the globe. It generates the majority of its revenue from Israel.