ShiftPixy (STU:19U0) ROCE % : 0.00% (As of Feb. 2024)

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What is ShiftPixy 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. ShiftPixy's annualized ROCE % for the quarter that ended in Feb. 2024 was 0.00%.

ShiftPixy ROCE % Historical Data

The historical data trend for ShiftPixy'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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ShiftPixy ROCE % Chart

ShiftPixy Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-105.29

-479.07

ShiftPixy Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

ShiftPixy ROCE % Calculation

ShiftPixy's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-27.533	/	( ( (126.946 - 150.098)	+	(5.96 - 50.284) )	/ 2 )
	=	-27.533	/	( (-23.152	+	-44.324)	/ 2 )
	=	-27.533	/	-33.738
	=	81.61 %

ShiftPixy's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-17.444	/	( ( (6.629 - 54.607)	+	(4.15 - 56.702) )	/ 2 )
	=	-17.444	/	( ( -47.978	+	-52.552 )	/ 2 )
	=	-17.444	/	-50.265
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2024) EBIT data.

ShiftPixy (STU:19U0) 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.

ShiftPixy ROCE % Related Terms

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ShiftPixy (STU:19U0) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ShiftPixy Inc (STU:19U0) » Definitions » ROCE %

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PIXY:USA

Address

4101 NW 25th Street, Miami, FL, USA, 33131

Website

https://www.shiftpixy.com

ShiftPixy Inc provides a disruptive human capital management platform, revolutionizing employment in the Gig Economy by delivering a next-gen mobile engagement technology to help businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and connect with a ready-for-hire workforce. ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing economy. Geographically it operates in California and Washington and drives key revenue from Californian religion. Its primary operating business metric is gross billings, consisting of the clients' fully burdened payroll costs.

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