Flexpoint Sensor Systems (Flexpoint Sensor Systems) ROCE % : -95.44% (As of Dec. 2023)

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What is Flexpoint Sensor Systems 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. Flexpoint Sensor Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was -95.44%.

Flexpoint Sensor Systems ROCE % Historical Data

The historical data trend for Flexpoint Sensor Systems'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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Flexpoint Sensor Systems ROCE % Chart

Flexpoint Sensor Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.72

-15.87

-35.61

-57.71

-78.89

Flexpoint Sensor Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-41.73	-68.21	-79.69	-102.05	-95.44

Flexpoint Sensor Systems ROCE % Calculation

Flexpoint Sensor Systems'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 )
	=	-0.669	/	( ( (5.194 - 3.957)	+	(5.224 - 4.765) )	/ 2 )
	=	-0.669	/	( (1.237	+	0.459)	/ 2 )
	=	-0.669	/	0.848
	=	-78.89 %

Flexpoint Sensor Systems'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 )
	=	-0.492	/	( ( (5.15 - 4.578)	+	(5.224 - 4.765) )	/ 2 )
	=	-0.492	/	( ( 0.572	+	0.459 )	/ 2 )
	=	-0.492	/	0.5155
	=	-95.44 %

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

Flexpoint Sensor Systems (OTCPK:FLXT) 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.

Flexpoint Sensor Systems ROCE % Related Terms

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Flexpoint Sensor Systems (Flexpoint Sensor Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flexpoint Sensor Systems Inc (OTCPK:FLXT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5718 W Dannon Way, Suite B, West Jordan, UT, USA, 84081

Website

https://www.flexpoint.com

Flexpoint Sensor Systems Inc designs, manufactures and markets flexible Bend Sensor technology. The Bend Sensor is used for myriad applications, spanning multiple markets such as automotive and transportation, wearables, medical, industrial controls, consumer products, and toys/gaming. Its products include Bend Sensor, and USB Bend Sensor Kit.

Executives

Clark M Mower	director, officer: President, CEO	106 W. BUSINESS PARK DRIVE, DRAPER UT 84020
Thomas N Strong	officer: CFO/comptroller & Sec./Treas.	106 WEST BUSINESS PARK DRIVE, DRAPER UT 84020
Atkinson B Fred Jr	officer: Secretary/Treasurer	106 W. BUSINESS PARK DRIVE, DRAPER UT 84020
Gill Ruland J Jr	director	532 HERITAGE DRIVE, BOUNTIFUL UT 84010
John A Sindt	director	47 E 7200 SOUTH, #201, MIDVALE UT 84047
Donald E Shelley	other: Former Sec./Treas.	160 W 1200 S, DRAPER UT 84020
First Equity Holdings Corp	10 percent owner	2157 S LINCOLN ST, SALT LAKE CITY UT 84106