Freight Technologies (Freight Technologies) ROCE % : -343.63% (As of Dec. 2023)

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What is Freight Technologies 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. Freight Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -343.63%.

Freight Technologies ROCE % Historical Data

The historical data trend for Freight Technologies'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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Freight Technologies ROCE % Chart

Freight Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-232.63

-310.10

-280.45

Freight Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-	-	-257.27	-216.83	-343.63

Freight Technologies ROCE % Calculation

Freight Technologies'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 )
	=	-8.415	/	( ( (10.416 - 7.284)	+	(10.679 - 7.81) )	/ 2 )
	=	-8.415	/	( (3.132	+	2.869)	/ 2 )
	=	-8.415	/	3.0005
	=	-280.45 %

Freight Technologies'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 )
	=	-10.144	/	( ( (10.213 - 7.178)	+	(10.679 - 7.81) )	/ 2 )
	=	-10.144	/	( ( 3.035	+	2.869 )	/ 2 )
	=	-10.144	/	2.952
	=	-343.63 %

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

Freight Technologies (NAS:FRGT) 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.

Freight Technologies ROCE % Related Terms

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Freight Technologies (Freight Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freight Technologies Inc (NAS:FRGT) » Definitions » ROCE %

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Address

2001 Timberloch Place, Suite 500, The Woodlands, TX, USA, 77380

Website

https://www.fr8technologies.com

Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. It uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.