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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. Quoin Pharmaceuticals's annualized ROCE % for the quarter that ended in Mar. 2024 was -95.98%.
The historical data trend for Quoin Pharmaceuticals'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.
Quoin Pharmaceuticals Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | - | - | - | -110.33 | -89.02 |
Quoin Pharmaceuticals Quarterly Data | |||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROCE % | Get a 7-Day Free Trial | -88.06 | -68.01 | -67.66 | -85.97 | -95.98 |
Quoin Pharmaceuticals'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 ) | |||||
= | -8.687 | / | ( ( (14.458 - 3.528) | + | (12.169 - 3.581) ) | / 2 ) | |
= | -8.687 | / | ( (10.93 | + | 8.588) | / 2 ) | |
= | -8.687 | / | 9.759 | ||||
= | -89.02 % |
Quoin Pharmaceuticals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | -9.832 | / | ( ( (12.169 - 3.581) | + | (16.123 - 4.224) ) | / 2 ) | |
= | -9.832 | / | ( ( 8.588 | + | 11.899 ) | / 2 ) | |
= | -9.832 | / | 10.2435 | ||||
= | -95.98 % |
(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.
* 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.
Quoin Pharmaceuticals (NAS:QNRX) 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.
Thank you for viewing the detailed overview of Quoin Pharmaceuticals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dennis Langer | director | C/O PETER TSOFLIAS, BLANK ROME LLP, ONE LOGAN SQUARE, FL 9, PHILADELPHA PA 19103 |
Michael T Sember | director | AZRIELI CENTER, ROUND TOWER, 30TH FLOOR, TEL AVIV L3 671101 |
Joseph Patrick Cooper | director | PETER TSOFLIAS, C/O BLANK ROME LLP, ONE LOGAN SQUARE, FL 9, PHILADELPHIA PA 19103 |
Anthony James Culverwell | director | C/O QUOIN PHARMACEUTICALS, LTD., AZRIELI CENTER, ROUND TOWER, 30TH FLOOR, TEL AVIV L3 6701101 |
Gordon Dunn | officer: Chief Financial Officer | AZRIELI CENTER, ROUND TOWER, TER AVIV L3 6701101 |
Denise P. Carter | director, officer: Chief Operating Officer | AZRIELI CENTER, ROUND TOWER, 30TH FLOOR, TEL AVIV L3 9701101 |
Leong Natalie Ee Mun | director | AZRIELI CENTER, ROUND TOWER, 30TH FLOOR, TEL AVIV L3 6701101 |
Michael Myers | director, officer: Chief Executive Officer | AZRIELI CENTER, ROUND TOWER, 30TH FLOOR, TEL AVIV L3 6701101 |
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