EVAHF (EGF Theramed Health) ROCE % : 0.00% (As of Mar. 2024)

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What is EGF Theramed Health 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. EGF Theramed Health's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

EGF Theramed Health ROCE % Historical Data

The historical data trend for EGF Theramed Health'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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EGF Theramed Health ROCE % Chart

EGF Theramed Health Annual Data

Trend

Jun14

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Jun23

ROCE %

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EGF Theramed Health Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

EGF Theramed Health ROCE % Calculation

EGF Theramed Health's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.456	/	( ( (0.14 - 1.305)	+	(0.146 - 1.317) )	/ 2 )
	=	-0.456	/	( (-1.165	+	-1.171)	/ 2 )
	=	-0.456	/	-1.168
	=	39.04 %

EGF Theramed Health's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.18	/	( ( (0.18 - 2.056)	+	(0.147 - 2.062) )	/ 2 )
	=	-0.18	/	( ( -1.876	+	-1.915 )	/ 2 )
	=	-0.18	/	-1.8955
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

EGF Theramed Health (OTCPK:EVAHF) 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.

EGF Theramed Health ROCE % Related Terms

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EGF Theramed Health Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EGF Theramed Health Corp (OTCPK:EVAHF) » Definitions » ROCE %

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AUH:Germany TMED:Canada

Address

609 Granville Street, Suite 1600, P.O. Box 10068, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.egftheramedhealth.com

EGF Theramed Health Corp is an early-stage development company. It develops products, technologies, and diagnostic tools focused on personalized medical care including research with natural health and wellness products. The products serve the overall goal of improving health and elevating the human condition. The company explores many other medical areas including weight loss, skincare and heart disease.