CloudMD Software & Services (CloudMD Software & Services) ROCE % : -331.21% (As of Dec. 2023)

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What is CloudMD Software & Services 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. CloudMD Software & Services's annualized ROCE % for the quarter that ended in Dec. 2023 was -331.21%.

CloudMD Software & Services ROCE % Historical Data

The historical data trend for CloudMD Software & Services'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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CloudMD Software & Services ROCE % Chart

CloudMD Software & Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-44.10

-18.17

-11.28

-54.32

-91.43

CloudMD Software & Services 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															-23.67	-19.17	-14.92	-15.94	-331.21

CloudMD Software & Services ROCE % Calculation

CloudMD Software & Services'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 )
	=	-59.757	/	( ( (137.239 - 39.818)	+	(62.544 - 29.251) )	/ 2 )
	=	-59.757	/	( (97.421	+	33.293)	/ 2 )
	=	-59.757	/	65.357
	=	-91.43 %

CloudMD Software & Services'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 )
	=	-192.524	/	( ( (114.464 - 31.502)	+	(62.544 - 29.251) )	/ 2 )
	=	-192.524	/	( ( 82.962	+	33.293 )	/ 2 )
	=	-192.524	/	58.1275
	=	-331.21 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CloudMD Software & Services (OTCPK:DOCRF) 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.

CloudMD Software & Services ROCE % Related Terms

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CloudMD Software & Services (CloudMD Software & Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CloudMD Software & Services Inc (OTCPK:DOCRF) » Definitions » ROCE %

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6PH:Germany DOC:Canada

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.cloudmd.ca

CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.