Save Foods ROCE
What is the ROCE of Save Foods?
The ROCE of Save Foods, Inc. is -14,868.91%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Materials sector on NASDAQ compared to Save Foods
What does Save Foods do?
Save Foods, Inc., together with its subsidiary, Save Foods Ltd., develops, produces, and markets products to extend the shelf-life of fruits and vegetables primarily in Israel. It develops SF3-HS product for the post-harvest cleaning and sanitization of fruits and vegetables, including citrus, mango, avocado, apple, and stone fruits; SpuDefender product for controlling post-harvest potato sprouts; and FreshProtect product for controlling spoilage microorganisms on post-harvest citrus. The company was incorporated in 2004 and is based in Tel Aviv, Israel.
Companies with roce similar to Save Foods
- Sollensys has ROCE of -424,028.87%
- Honey Badger Exploration has ROCE of -63,657.68%
- NuZee has ROCE of -35,035.56%
- Zoom Telephonics has ROCE of -19,881.02%
- Save Foods has ROCE of -14,868.91%
- CAT Strategic Metals has ROCE of -12,496.92%
- Chaparral has ROCE of -10,379.52%
- Canadian Orebodies has ROCE of -10,336.22%
- PsyBio Therapeutics has ROCE of -8,769.84%
- Canuc Resources has ROCE of -8,535.14%
- US Wireless Online has ROCE of -7,826.71%