OneMedNet (OneMedNet) ROCE % : 0.00% (As of Dec. 2023)

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What is OneMedNet 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. OneMedNet's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

OneMedNet ROCE % Historical Data

The historical data trend for OneMedNet'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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OneMedNet ROCE % Chart

OneMedNet Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-75.92

-715.27

OneMedNet Semi-Annual Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-19.77	-	-	-

OneMedNet ROCE % Calculation

OneMedNet'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 )
	=	-22.456	/	( ( (30.434 - 11.785)	+	(0.463 - 12.833) )	/ 2 )
	=	-22.456	/	( (18.649	+	-12.37)	/ 2 )
	=	-22.456	/	3.1395
	=	-715.27 %

OneMedNet's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-20.899	/	( ( (2.938 - 14.278)	+	(0.463 - 12.833) )	/ 2 )
	=	-20.899	/	( ( -11.34	+	-12.37 )	/ 2 )
	=	-20.899	/	-11.855
	=	0 %

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

OneMedNet (NAS:ONMDW) 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.

OneMedNet ROCE % Related Terms

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