FX International AB (XSAT:FXI) ROCE % : -37.08% (As of Sep. 2023)

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What is FX International AB 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. FX International AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -37.08%.

FX International AB ROCE % Historical Data

The historical data trend for FX International AB'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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FX International AB ROCE % Chart

FX International AB Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec22

ROCE %

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-30.31

-45.47

-40.78

-31.10

-4.13

FX International AB Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-5.31	3.73	-49.59	-21.99	-37.08

FX International AB ROCE % Calculation

FX International AB'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: Jun. 2020 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Jun. 2020 )		(A: Dec. 2022 )
	=	-1.38	/	( ( (32.781 - 1.403)	+	(36.077 - 0.564) )	/ 2 )
	=	-1.38	/	( (31.378	+	35.513)	/ 2 )
	=	-1.38	/	33.4455
	=	-4.13 %

FX International AB'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 )
	=	-10.516	/	( ( (30.341 - 0.653)	+	(27.604 - 0.565) )	/ 2 )
	=	-10.516	/	( ( 29.688	+	27.039 )	/ 2 )
	=	-10.516	/	28.3635
	=	-37.08 %

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

FX International AB (XSAT:FXI) 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.

FX International AB ROCE % Related Terms

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FX International AB (XSAT:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FX International AB (XSAT:FXI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Drottninggatan 62, Helsingborg, FIN, 252 21

Website

http://www.fxi.se

FX International AB is engaged in currency trading through algorithm-driven computer program with goal to maximize return on its capital for shareholders. The company's business model focuses on algorithm-driven trading using artificial intelligence within the foreign exchange market. It also have trading platform namely, Genova FX.