GRAIL (MEX:GRAL) ROCE % : -24.53% (As of Sep. 2024)

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What is GRAIL 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. GRAIL's annualized ROCE % for the quarter that ended in Sep. 2024 was -24.53%.

GRAIL ROCE % Historical Data

The historical data trend for GRAIL'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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GRAIL ROCE % Chart

GRAIL Annual Data

Trend

Dec18

Dec19

Dec22

Dec23

ROCE %

-46.92

-41.62

-27.63

-17.20

GRAIL Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial							-	-20.76	-21.55	-23.87	-24.53

GRAIL ROCE % Calculation

GRAIL'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 )
	=	-13527.05	/	( ( (96270.975 - 2630.81)	+	(66434.049 - 2777.157) )	/ 2 )
	=	-13527.05	/	( (93640.165	+	63656.892)	/ 2 )
	=	-13527.05	/	78648.5285
	=	-17.20 %

GRAIL's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-14453.232	/	( ( (59900.142 - 1615.43)	+	(61393.45 - 1856.165) )	/ 2 )
	=	-14453.232	/	( ( 58284.712	+	59537.285 )	/ 2 )
	=	-14453.232	/	58910.9985
	=	-24.53 %

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

GRAIL (MEX:GRAL) 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.

GRAIL ROCE % Related Terms

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GRAIL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » GRAIL Inc (MEX:GRAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRAL:USA NL0:Germany

Address

1525 O’Brien Drive, Menlo Park, CA, USA, 94025

Website

https://www.grail.com

GRAIL Inc is a healthcare company focused on developing technologies for early cancer detection. The company has developed a multi-cancer early detection blood test that has the ability to detect all types of cancer, across all stages.