Erika B-Cure Laser (XTAE:BCUR) ROCE % : -65.47% (As of Dec. 2023)

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What is Erika B-Cure Laser 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. Erika B-Cure Laser's annualized ROCE % for the quarter that ended in Dec. 2023 was -65.47%.

Erika B-Cure Laser ROCE % Historical Data

The historical data trend for Erika B-Cure Laser'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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Erika B-Cure Laser ROCE % Chart

Erika B-Cure Laser Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.86

87.72

-33.16

-39.74

-48.59

Erika B-Cure Laser Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-48.46	-51.58	-24.26	-37.86	-65.47

Erika B-Cure Laser ROCE % Calculation

Erika B-Cure Laser'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 )
	=	-18.825	/	( ( (68.385 - 18.263)	+	(46.907 - 19.543) )	/ 2 )
	=	-18.825	/	( (50.122	+	27.364)	/ 2 )
	=	-18.825	/	38.743
	=	-48.59 %

Erika B-Cure Laser'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 )
	=	-21.126	/	( ( (48.992 - 11.815)	+	(46.907 - 19.543) )	/ 2 )
	=	-21.126	/	( ( 37.177	+	27.364 )	/ 2 )
	=	-21.126	/	32.2705
	=	-65.47 %

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

Erika B-Cure Laser (XTAE:BCUR) 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.

Erika B-Cure Laser ROCE % Related Terms

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Erika B-Cure Laser (XTAE:BCUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Erika B-Cure Laser Ltd (XTAE:BCUR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Nahum Hat 5, Entrance 2, Haifa, ISR, 3508504

Website

https://www.bcurelaser.com

Erika B-Cure Laser Ltd is engaged in the development and production of laser devices for the treatment of pain and wounds. Its devices provide treatment for Knee Pain, Lower Back Pain, Neck Pain, Shoulder Pain, Finger Joint pain, and Burns.

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