Precheck Health Service (Precheck Health Service) ROCE % : 0.00% (As of Sep. 2019)

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What is Precheck Health Service 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. Precheck Health Service's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

Precheck Health Service ROCE % Historical Data

The historical data trend for Precheck Health Service'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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Precheck Health Service ROCE % Chart

Precheck Health Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

ROCE %

-558.14

-160.07

Precheck Health Service Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
ROCE %	Get a 7-Day Free Trial													-	-	-	-	-

Precheck Health Service ROCE % Calculation

Precheck Health Service's annualized ROCE % for the fiscal year that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2018 )		(A: Dec. 2017 )		(A: Dec. 2018 )
	=	-6.571	/	( ( (0.849 - 0.436)	+	(0.255 - 1.173) )	/ 2 )
	=	-6.571	/	( (0.413	+	-0.918)	/ 2 )
	=	-6.571	/	-0.2525
	=	2,602.38 %

Precheck Health Service's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Jun. 2019 )		(Q: Sep. 2019 )
	=	-1.48	/	( ( (0.497 - 1.975)	+	(0.525 - 1.99) )	/ 2 )
	=	-1.48	/	( ( -1.478	+	-1.465 )	/ 2 )
	=	-1.48	/	-1.4715
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2019) EBIT data.

Precheck Health Service (GREY:HLTY) 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.

Precheck Health Service ROCE % Related Terms

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