Global Health Clinics (XCNQ:MJRX) ROCE % : 0.00% (As of Jan. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Global Health Clinics 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. Global Health Clinics's annualized ROCE % for the quarter that ended in Jan. 2024 was 0.00%.

Global Health Clinics ROCE % Historical Data

The historical data trend for Global Health Clinics'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.

* Premium members only.

Global Health Clinics ROCE % Chart

Global Health Clinics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

Get a 7-Day Free Trial

-388.99

-430.46

Global Health Clinics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Global Health Clinics ROCE % Calculation

Global Health Clinics's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	-1.567	/	( ( (0.579 - 1.104)	+	(0.242 - 2.116) )	/ 2 )
	=	-1.567	/	( (-0.525	+	-1.874)	/ 2 )
	=	-1.567	/	-1.1995
	=	130.64 %

Global Health Clinics's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-0.912	/	( ( (0.093 - 2.198)	+	(0.051 - 2.406) )	/ 2 )
	=	-0.912	/	( ( -2.105	+	-2.355 )	/ 2 )
	=	-0.912	/	-2.23
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Global Health Clinics (XCNQ:MJRX) 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.

Global Health Clinics ROCE % Related Terms

Thank you for viewing the detailed overview of Global Health Clinics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Health Clinics (XCNQ:MJRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Health Clinics Ltd (XCNQ:MJRX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

L00:Germany

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.globalhealthltd.ca

Global Health Clinics Ltd engages in the cannabis industry and operates medical clinics which guide patients through the process of becoming legal users of marijuana and also engages in developing psilocybin products for research and their potential usage for pharmaceutical purposes. The Company operates in two operating segments the operating of medical clinics to guide patients to become legal users of marijuana and the development of psilocybin products for research and potential usage for pharmaceutical purposes. The Company derives its key revenue from Medical Clinics for legal user of Marijuana.

Global Health Clinics (XCNQ:MJRX) Headlines

No Headlines