Singular Health Group (ASX:SHG) ROCE % : -115.00% (As of Dec. 2024)

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What is Singular 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. Singular Health Group's annualized ROCE % for the quarter that ended in Dec. 2024 was -115.00%.

Singular Health Group ROCE % Historical Data

The historical data trend for Singular 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.

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Singular Health Group ROCE % Chart

Singular Health Group Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

ROCE %

-57.92

-172.33

-369.75

-315.24

Singular Health Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-465.26	-570.73	-609.21	-514.82	-115.00

Singular Health Group ROCE % Calculation

Singular 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 )
	=	-3.083	/	( ( (3.197 - 2.682)	+	(2.351 - 0.91) )	/ 2 )
	=	-3.083	/	( (0.515	+	1.441)	/ 2 )
	=	-3.083	/	0.978
	=	-315.24 %

Singular Health Group'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 )
	=	-3.588	/	( ( (2.351 - 0.91)	+	(5.111 - 0.312) )	/ 2 )
	=	-3.588	/	( ( 1.441	+	4.799 )	/ 2 )
	=	-3.588	/	3.12
	=	-115.00 %

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

Singular Health Group (ASX:SHG) 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.

Singular Health Group ROCE % Related Terms

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Singular Health Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Singular Health Group Ltd (ASX:SHG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/41 Discovery Drive Bibra, Bibra Lake, WA, AUS, 6163

Website

https://www.singular.health

Singular Health Group Ltd provides medical software solutions. The company's business segment is the provision of Volume Rendering Platform (VRP) software, providing 3D printing services and 3D machine sales. It operates in one segment, which is the provision and development of medical technology within Australia.