Phoenix Apps (Phoenix Apps) ROCE % : 0.00% (As of Sep. 2019)

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What is Phoenix Apps 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. Phoenix Apps's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

Phoenix Apps ROCE % Historical Data

The historical data trend for Phoenix Apps'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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Phoenix Apps ROCE % Chart

Phoenix Apps Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

ROCE %

-1,200.00

Phoenix Apps Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial											-	-	-	-	-

Phoenix Apps ROCE % Calculation

Phoenix Apps's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-0.037	/	( ( (0.004 - 0.087)	+	(0 - 0.146) )	/ 2 )
	=	-0.037	/	( (-0.083	+	-0.146)	/ 2 )
	=	-0.037	/	-0.1145
	=	32.31 %

Phoenix Apps's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-0.02	/	( ( (0 - 0.185)	+	(0 - 0.201) )	/ 2 )
	=	-0.02	/	( ( -0.185	+	-0.201 )	/ 2 )
	=	-0.02	/	-0.193
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Phoenix Apps (OTCPK:PXPP) 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.

Phoenix Apps ROCE % Related Terms

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Phoenix Apps (Phoenix Apps) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Phoenix Apps Inc (OTCPK:PXPP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1258-720 King Street West, Suite 200, Toronto, ON, CAN, M5V 3S5

Website

Phoenix Apps Inc develops mobile software applications for smartphones and tablets.

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