MITI (Mitesco) ROCE % : 0.00% (As of Sep. 2024)

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What is Mitesco 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. Mitesco's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Mitesco ROCE % Historical Data

The historical data trend for Mitesco'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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Mitesco ROCE % Chart

Mitesco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-485.28

Mitesco Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Mitesco ROCE % Calculation

Mitesco'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 )
	=	-10.238	/	( ( (2.602 - 17.802)	+	(0.003 - 14.135) )	/ 2 )
	=	-10.238	/	( (-15.2	+	-14.132)	/ 2 )
	=	-10.238	/	-14.666
	=	69.81 %

Mitesco'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 )
	=	8.556	/	( ( (0.046 - 15.185)	+	(0.061 - 12.061) )	/ 2 )
	=	8.556	/	( ( -15.139	+	-12 )	/ 2 )
	=	8.556	/	-13.5695
	=	0 %

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

Mitesco (OTCPK:MITI) 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.

Mitesco ROCE % Related Terms

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Mitesco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Mitesco Inc (OTCPK:MITI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Beachland Boulevard, Suite 1377, Vero Beach, FL, USA, 32963

Website

https://www.mitescoinc.com

Mitesco Inc is a holding company seeking to provide products, services and technology to make accessible higher quality and more affordable healthcare solutions. It is focused on developing a portfolio of companies that provide healthcare technology solutions and the team is adept at deal structures supportive of long-term organizational value.

Executives

Lonnie Allen Plunk	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Lawrence M. Diamond	director	7535 EAST HAMPDEN AVENUE, SUITE 400, DENVER CO 80231
Phillip J Keller	officer: Chief Financial Officer	2323 RING ROAD, ELIZABETHTOWN KY 42701
Sheila Schweitzer	director	1200 CAROLINA CIRCLE, VERO BEACH FL 62962
Ingrid Jenny Lindstrom	officer: Chief Legal Officer	1100 WILLS PLACE, GOLDEN VALLEY MN 55422
Juan Carlos Iturregui	director	5606 ALBIA RD., BETHESDA MD 20816
Faraz Naqvi	director	3001 HEARTHSTONE DRIVE, FORT COLLINS CO 80528
Thomas Brodmerkel	director	7535 EAST HAMPDEN AVENUE, STE. 400, DENVER CO 80231
Julie R. Smith	director	7535 EAST HAMPDEN AVENUE, SUITE 400, DENVER CO 80231
Ron Riewold	officer: CHAIRMAN	37 NORTH ORANGE AVE, STE 500, ORLANDO FL 32801
Douglas Cole	director	C/O AMERICAN BATTERY METALS CORP, 930 TAHOE BLVD, STE 802-16, INCLINE VILLAGE NV 89451
James Philip Crone	director, officer: Pres, Interim CFO, Sec, Dir	1355 PEACHTREE STREET, SUITE 1150, ATLANTA GA 30309
Morton James E Iii	officer: President	549 VIKINGS LANE, ATLANTIC BEACH FL 32233
Deluca Louis George Jr	officer: C.O.O.	194 EDWARDS DR, MABLETON GA 30126
Thomas W. Burnell	officer: President and CEO	1355 PEACHTREE STREET, SUITE 1150, ATLANTA GA 30309