EMvision Medical Devices (ASX:EMV) ROCE % : -31.54% (As of Dec. 2024)

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What is EMvision Medical Devices 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. EMvision Medical Devices's annualized ROCE % for the quarter that ended in Dec. 2024 was -31.54%.

EMvision Medical Devices ROCE % Historical Data

The historical data trend for EMvision Medical Devices'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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EMvision Medical Devices ROCE % Chart

EMvision Medical Devices Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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-68.63

-107.40

-68.63

-58.40

-14.72

EMvision Medical Devices Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial								-18.56	-89.89	14.37	-35.11	-31.54

EMvision Medical Devices ROCE % Calculation

EMvision Medical Devices's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.916	/	( ( (11.518 - 6.037)	+	(23.971 - 3.414) )	/ 2 )
	=	-1.916	/	( (5.481	+	20.557)	/ 2 )
	=	-1.916	/	13.019
	=	-14.72 %

EMvision Medical Devices's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-6.056	/	( ( (23.971 - 3.414)	+	(19.867 - 2.02) )	/ 2 )
	=	-6.056	/	( ( 20.557	+	17.847 )	/ 2 )
	=	-6.056	/	19.202
	=	-31.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

EMvision Medical Devices (ASX:EMV) 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.

EMvision Medical Devices ROCE % Related Terms

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EMvision Medical Devices Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » EMvision Medical Devices Ltd (ASX:EMV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 Epping Road, Suite 4.01, Macquarie Park, NSW, AUS, 2113

Website

https://www.emvision.com.au

EMvision Medical Devices Ltd is an Australian medical device company. The company is focused on the research and development and commercialisation of neurodiagnostic technology for stroke diagnosis and monitoring, as well as other medical imaging needs. Its focus is portable, cost effective and non-invasive brain scanners, including a bedside device (emu) and an ultra-light weight first responder pre-hospital device.

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