Enlitic (ASX:ENL) ROCE % : -185.60% (As of Jun. 2024)

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What is Enlitic 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. Enlitic's annualized ROCE % for the quarter that ended in Jun. 2024 was -185.60%.

Enlitic ROCE % Historical Data

The historical data trend for Enlitic'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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Enlitic ROCE % Chart

Enlitic Annual Data

Trend

Dec23

ROCE %

-142.20

Enlitic Semi-Annual Data
	Dec23	Jun24
ROCE %	-	-185.60

Enlitic ROCE % Calculation

Enlitic'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: . 20 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: . 20 )		(A: Dec. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Enlitic's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-20.858	/	( ( (17.292 - 0.946)	+	(7.363 - 1.233) )	/ 2 )
	=	-20.858	/	( ( 16.346	+	6.13 )	/ 2 )
	=	-20.858	/	11.238
	=	-185.60 %

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

Enlitic (ASX:ENL) 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.

Enlitic ROCE % Related Terms

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Enlitic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Enlitic Inc (ASX:ENL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3420 East Harmony Road, Suite 125, Fort Collins, CO, USA, 80528

Website

https://www.enlitic.com

Enlitic Inc empowers healthcare systems to enhance the quality of their medical imaging data using the capabilities of artificial intelligence. The company has developed an intelligent data framework that powers critical workflows, orchestrates data and enables greater comprehension of what information resides in archives thereby unlocking new revenue opportunities, generating cost savings and improving healthcare delivery.

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