FRX Innovations (TSXV:FRXI) ROCE % : -97.01% (As of Sep. 2023)

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What is FRX Innovations 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. FRX Innovations's annualized ROCE % for the quarter that ended in Sep. 2023 was -97.01%.

FRX Innovations ROCE % Historical Data

The historical data trend for FRX Innovations'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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FRX Innovations ROCE % Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-31.07

-19.15

-31.47

-83.99

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									-39.14	-82.92	-76.02	-41.56	-97.01

FRX Innovations ROCE % Calculation

FRX Innovations's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-16.97	/	( ( (32.598 - 5.247)	+	(31.77 - 18.712) )	/ 2 )
	=	-16.97	/	( (27.351	+	13.058)	/ 2 )
	=	-16.97	/	20.2045
	=	-83.99 %

FRX Innovations's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-10.344	/	( ( (30.96 - 18.47)	+	(27.873 - 19.038) )	/ 2 )
	=	-10.344	/	( ( 12.49	+	8.835 )	/ 2 )
	=	-10.344	/	10.6625
	=	-97.01 %

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

FRX Innovations (TSXV:FRXI) 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.

FRX Innovations ROCE % Related Terms

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FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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