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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. Salarius Pharmaceuticals's annualized ROCE % for the quarter that ended in Dec. 2023 was -68.31%.
The historical data trend for Salarius Pharmaceuticals'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.
Salarius Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -83.20 | -46.50 | -42.09 | -93.57 | -164.55 |
Salarius Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | -191.95 | -272.00 | -227.35 | -139.73 | -68.31 |
Salarius Pharmaceuticals'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 ) | |||||
= | -12.895 | / | ( ( (14.651 - 4.266) | + | (6.587 - 1.299) ) | / 2 ) | |
= | -12.895 | / | ( (10.385 | + | 5.288) | / 2 ) | |
= | -12.895 | / | 7.8365 | ||||
= | -164.55 % |
Salarius Pharmaceuticals'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: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | -3.884 | / | ( ( (8.404 - 2.321) | + | (6.587 - 1.299) ) | / 2 ) | |
= | -3.884 | / | ( ( 6.083 | + | 5.288 ) | / 2 ) | |
= | -3.884 | / | 5.6855 | ||||
= | -68.31 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Salarius Pharmaceuticals (NAS:SLRX) 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.
Thank you for viewing the detailed overview of Salarius Pharmaceuticals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tess Burleson | director | 2450 HOLCOME BLVD., SUITE J-608, HOUSTON TX 77021 |
Jonathan I Lieber | director | C/O HISTOGENICS CORPORATION, 830 WINTER STREET #3, WALTHAM MA 02451 |
William K. Mcvicar | director | C/O INOTEK PHARMACEUTICALS CORPORATION, 131 HARTWELL AVENUE, SUITE 105, LEXINGTON MA 02421 |
Arnold C Hanish | director | 201 ELLIOTT AVENUE WEST, SEATTLE WA 98119 |
Mark J Rosenblum | officer: Exec VP Finance, Interim CFO | 3990 SPRING VALLEY ROAD, APT. 1218, DALLAS TX 75244 |
David J. Arthur | director, officer: Chief Executive Officer | 2450 HOLCOME BLVD., SUITE J-608, HOUSTON TX 77021 |
Scott Jordan | officer: Chief Financial Officer | 2450 HOLCOME BLVD., SUITE J-608, HOUSTON TX 77021 |
Mccreedy Bruce J Jr. | director | 2450 HOLCOME BLVD., SUITE J-608, HOUSTON TX 77021 |
Jonathan P Northrup | director | 2450 HOLCOME BLVD., SUITE J-608, HOUSTON TX 77021 |
Pao-yu Chuang | officer: Controller | 2450 HOLCOMBE BLVD., SUITE J-608, HOUSTON TX 77021 |
Paul Lammers | director | 2408 TIMBERLOCH PLACE, B-7, THE WOODLANDS TX 77380 |
Boston Foundation, Inc. | 10 percent owner | 75 ARLINGTON STREET, BOSTON MA 02116 |
Christoph H Westphal | 10 percent owner | C/O ALNYLAM PHARMACEUTICALS, INC, 300 THIRD STREET, CAMBRIDGE MA 02142 |
Longwood Fund Ii, L.p. | 10 percent owner | 800 BOYLSTON STREET, SUITE 1555, BOSTON MA 02199 |
Roger D Tung | director | 99 HAYDEN AVENUE, SUITE 500, LEXINGTON MA 02421 |
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