TripSitter Clinic (TripSitter Clinic) ROCE % : 0.00% (As of Oct. 2023)

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What is TripSitter Clinic 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. TripSitter Clinic's annualized ROCE % for the quarter that ended in Oct. 2023 was 0.00%.

TripSitter Clinic ROCE % Historical Data

The historical data trend for TripSitter Clinic'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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TripSitter Clinic ROCE % Chart

TripSitter Clinic Annual Data

Trend

Jan21

Jan22

Jan23

ROCE %

-25.88

-234.33

-419.03

TripSitter Clinic Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial							-	-	-	-	-

TripSitter Clinic ROCE % Calculation

TripSitter Clinic's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-1.387	/	( ( (1.154 - 0.157)	+	(0.074 - 0.409) )	/ 2 )
	=	-1.387	/	( (0.997	+	-0.335)	/ 2 )
	=	-1.387	/	0.331
	=	-419.03 %

TripSitter Clinic's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	-0.248	/	( ( (0.032 - 0.394)	+	(0.034 - 0.449) )	/ 2 )
	=	-0.248	/	( ( -0.362	+	-0.415 )	/ 2 )
	=	-0.248	/	-0.3885
	=	0 %

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

TripSitter Clinic (OTCPK:TSTTF) 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.

TripSitter Clinic ROCE % Related Terms

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TripSitter Clinic (TripSitter Clinic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » TripSitter Clinic Ltd (OTCPK:TSTTF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

UY00:Germany KETA:Canada

Address

77 King Street West, Suite 700, Toronto, ON, CAN, M5K 1G8

Website

https://www.tripsitter.clinic

TripSitter Clinic Ltd is a consultative virtual clinic and telehealth platform that connects prospective patients to a licensed physician in the United States who can evaluate for a prescribed treatment program of low-dose, oral ketamine medication. Its revenues are generated from the provision of initial consultations and monthly subscriptions to patients seeking mental health treatment that includes legal psychedelic medicine connected with licensed medical practitioners.