Innovative Holdings Alliance (Innovative Holdings Alliance) ROCE % : 0.00% (As of Aug. 2023)

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What is Innovative Holdings Alliance 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. Innovative Holdings Alliance's annualized ROCE % for the quarter that ended in Aug. 2023 was 0.00%.

Innovative Holdings Alliance ROCE % Historical Data

The historical data trend for Innovative Holdings Alliance'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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Innovative Holdings Alliance ROCE % Chart

Innovative Holdings Alliance Annual Data

Trend

ROCE %

Innovative Holdings Alliance Semi-Annual Data
	Aug22	Aug23
ROCE %	-	-

Innovative Holdings Alliance ROCE % Calculation

Innovative Holdings Alliance's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Innovative Holdings Alliance's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Aug. 2022 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Aug. 2022 )		(Q: Aug. 2023 )
	=	-0.032	/	( ( (0 - 0)	+	(0.092 - 0.436) )	/ 1 )
	=	-0.032	/	( ( 0	+	-0.344 )	/ 1 )
	=	-0.032	/	-0.344
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Aug. 2023) EBIT data.

Innovative Holdings Alliance (OTCPK:IHAI) 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.

Innovative Holdings Alliance ROCE % Related Terms

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Innovative Holdings Alliance (Innovative Holdings Alliance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovative Holdings Alliance Inc (OTCPK:IHAI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12850 Hwy 9 North, Suite 600-462, Alpharetta, GA, USA, 30004

Website

https://www.innovativeholdingsalliance.com

Innovative Holdings Alliance Inc plans to participate in and acquire interests that are edge in their respective market niches and have expectations of enhancing shareholder value.

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