Wearable Devices (Wearable Devices) ROCE % : -121.11% (As of Dec. 2023)

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What is Wearable Devices 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. Wearable Devices's annualized ROCE % for the quarter that ended in Dec. 2023 was -121.11%.

Wearable Devices ROCE % Historical Data

The historical data trend for Wearable Devices'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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Wearable Devices ROCE % Chart

Wearable Devices Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-118.70

-103.11

Wearable Devices Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-247.14	-	-191.40	-90.51	-121.11

Wearable Devices ROCE % Calculation

Wearable Devices'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 )
	=	-8.186	/	( ( (11.224 - 1.15)	+	(7.592 - 1.788) )	/ 2 )
	=	-8.186	/	( (10.074	+	5.804)	/ 2 )
	=	-8.186	/	7.939
	=	-103.11 %

Wearable Devices'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-8.264	/	( ( (9.369 - 1.526)	+	(7.592 - 1.788) )	/ 2 )
	=	-8.264	/	( ( 7.843	+	5.804 )	/ 2 )
	=	-8.264	/	6.8235
	=	-121.11 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Wearable Devices (NAS:WLDS) 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.

Wearable Devices ROCE % Related Terms

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Wearable Devices (Wearable Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wearable Devices Ltd (NAS:WLDS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yokne'am, Ha-Ta'asiya Street 2, Illit, ISR, 20692

Website

http://www.wearabledevices.co.il

Wearable Devices Ltd develops a non-invasive Neural input interface for controlling digital devices using subtle finger movements. Its products include Mudra Inspire and Mudra Band.