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EVE Health Group (ASX:EVE) ROCE % : -80.59% (As of Jun. 2024)


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What is EVE Health Group 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. EVE Health Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -80.59%.

EVE Health Group ROCE % Historical Data

The historical data trend for EVE Health Group'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.

EVE Health Group ROCE % Chart

EVE Health Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -28.65 -29.24 -58.55 -44.95 -69.63

EVE Health Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -57.83 -42.18 -40.21 -62.55 -80.59

EVE Health Group ROCE % Calculation

EVE Health Group'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 )
=-1.514/( ( (4.134 - 1.009) + (2.523 - 1.299) )/ 2 )
=-1.514/( (3.125+1.224)/ 2 )
=-1.514/2.1745
=-69.63 %

EVE Health Group'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 )
=-1.37/( ( (3.688 - 1.512) + (2.523 - 1.299) )/ 2 )
=-1.37/( ( 2.176 + 1.224 )/ 2 )
=-1.37/1.7
=-80.59 %

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

EVE Health Group  (ASX:EVE) 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.

EVE Health Group ROCE % Related Terms

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EVE Health Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » EVE Health Group Ltd (ASX:EVE) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
245 Churchill Avenue, Suite 1, Subiaco, WA, AUS, 6008
Website
https://www.evehealthgroup.com.au
EVE Health Group Ltd is an integrated, Health, Nutrition, and Wellness investment company. The company operates in three reporting segments namely Meluka (branded wellness consumer products), Investments and Discontinued Operations.