PMEDF (Predictmedix AI) ROCE % : 0.00% (As of Jul. 2024)

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What is Predictmedix AI 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. Predictmedix AI's annualized ROCE % for the quarter that ended in Jul. 2024 was 0.00%.

Predictmedix AI ROCE % Historical Data

The historical data trend for Predictmedix AI'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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Predictmedix AI ROCE % Chart

Predictmedix AI Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

ROCE %

-48.25

-160.02

-215.15

-522.58

Predictmedix AI Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jul24
ROCE %	Get a 7-Day Free Trial													-432.96	-4,321.26	-	-1,698.70	-

Predictmedix AI ROCE % Calculation

Predictmedix AI's annualized ROCE % for the fiscal year that ended in Jan. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2023 )		(A: Jan. 2022 )		(A: Jan. 2023 )
	=	-1.539	/	( ( (0.98 - 0.277)	+	(0.535 - 0.649) )	/ 2 )
	=	-1.539	/	( (0.703	+	-0.114)	/ 2 )
	=	-1.539	/	0.2945
	=	-522.58 %

Predictmedix AI's ROCE % of for the quarter that ended in Jul. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2024 )		(Q: Oct. 2023 )		(Q: Jul. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2024 )		(Q: Oct. 2023 )		(Q: Jul. 2024 )
	=	-0.752	/	( ( (0.421 - 0.344)	+	(0.281 - 0.774) )	/ 2 )
	=	-0.752	/	( ( 0.077	+	-0.493 )	/ 2 )
	=	-0.752	/	-0.208
	=	0 %

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

Predictmedix AI (OTCPK:PMEDF) 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.

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Predictmedix AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Predictmedix AI Inc (OTCPK:PMEDF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3QP0:Germany PMED:Canada

Address

77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8

Website

https://www.predictmedix.com

Predictmedix AI Inc provides rapid health screening and remote patient care solutions globally. The company's Safe Entry Stations are powered by a proprietary artificial intelligence (AI) that uses multispectral cameras to analyze physiological data patterns and predict a variety of health issues including infectious diseases such as COVID-19, impairment by drugs or alcohol, fatigue or various mental illnesses.