My Size (XTAE:MYSZ) ROCE % : -94.33% (As of Mar. 2024)

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What is My Size 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. My Size's annualized ROCE % for the quarter that ended in Mar. 2024 was -94.33%.

My Size ROCE % Historical Data

The historical data trend for My Size'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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My Size ROCE % Chart

My Size Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-156.89

-281.81

-150.32

-98.10

-124.88

My Size Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-178.57	-126.80	-81.72	-102.60	-94.33

My Size ROCE % Calculation

My Size'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 )
	=	-24.792	/	( ( (36.225 - 15.563)	+	(33.484 - 14.442) )	/ 2 )
	=	-24.792	/	( (20.662	+	19.042)	/ 2 )
	=	-24.792	/	19.852
	=	-124.88 %

My Size's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-15.956	/	( ( (33.484 - 14.442)	+	(24.84 - 10.052) )	/ 2 )
	=	-15.956	/	( ( 19.042	+	14.788 )	/ 2 )
	=	-15.956	/	16.915
	=	-94.33 %

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

My Size (XTAE:MYSZ) 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.

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My Size (XTAE:MYSZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » My Size Inc (XTAE:MYSZ) » Definitions » ROCE %

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MYSZ:USA

Address

4 HAYARDEN Street, POB 1026, Airport City, ISR, 7010000

Website

https://www.mysizeid.com

My Size Inc is a us-based technology company that focuses on the development of an application that assists the consumer to accurately take the measurements of his or her own body to fit clothing in the best way possible without the need to try them on using a smartphone. The purpose of the company's business is to simplify the process of clothing acquisition through the Internet and to significantly reduce the rate of returns of clothing which were acquired through the internet and which are returned to the stores because of ill-fitting. The company generates its revenue through selling products to customers, and licensing cloud-enabled software subscriptions, associated software maintenance and support.