iFIT Health & Fitness (iFIT Health & Fitness) ROCE % : 0.00% (As of May. 2020)

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What is iFIT Health & Fitness 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. iFIT Health & Fitness's annualized ROCE % for the quarter that ended in May. 2020 was 0.00%.

iFIT Health & Fitness ROCE % Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness ROCE % Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

ROCE %

-72.75

-243.48

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
ROCE %	-	-	-

iFIT Health & Fitness ROCE % Calculation

iFIT Health & Fitness's annualized ROCE % for the fiscal year that ended in May. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2021 )		(A: May. 2020 )		(A: May. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2021 )		(A: May. 2020 )		(A: May. 2021 )
	=	-483.707	/	( ( (372.129 - 261.364)	+	(992.566 - 706.009) )	/ 2 )
	=	-483.707	/	( (110.765	+	286.557)	/ 2 )
	=	-483.707	/	198.661
	=	-243.48 %

iFIT Health & Fitness's ROCE % of for the quarter that ended in May. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2020 )		(Q: May. 2019 )		(Q: May. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2020 )		(Q: May. 2019 )		(Q: May. 2020 )
	=	0	/	( ( (0 - 0)	+	(372.129 - 261.364) )	/ 1 )
	=	0	/	( ( 0	+	110.765 )	/ 1 )
	=	0	/	110.765
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2020) EBIT data.

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness ROCE % Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.