Vitalhub (TSX:VHI) ROCE % : 6.99% (As of Sep. 2024)

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What is Vitalhub 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. Vitalhub's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.99%.

Vitalhub ROCE % Historical Data

The historical data trend for Vitalhub'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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Vitalhub ROCE % Chart

Vitalhub Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.19

-5.79

-2.78

1.96

6.28

Vitalhub Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.64	8.58	9.12	5.01	6.99

Vitalhub ROCE % Calculation

Vitalhub'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 )
	=	5.4	/	( ( (106.187 - 23.818)	+	(118.784 - 29.068) )	/ 2 )
	=	5.4	/	( (82.369	+	89.716)	/ 2 )
	=	5.4	/	86.0425
	=	6.28 %

Vitalhub'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 )
	=	9.48	/	( ( (176.687 - 43.485)	+	(178.082 - 40.138) )	/ 2 )
	=	9.48	/	( ( 133.202	+	137.944 )	/ 2 )
	=	9.48	/	135.573
	=	6.99 %

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

Vitalhub (TSX:VHI) 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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Vitalhub Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Vitalhub Corp (TSX:VHI) » Definitions » ROCE %

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VHIBF:USA 6OVA:Germany

Address

480 University Avenue, Suite 1001, Toronto, ON, CAN, M5G 1V2

Website

https://www.vitalhub.com

Vitalhub Corp provides technology to Health and Human Service providers including Hospitals, Regional Health Authorities, Mental Health, Long Term Care, Home Health, and Community and Social Services. Vitalhub solutions span the categories of Electronic Health Records (EHR), Case Management, Care Coordination, Patient Flow and Operational Visibility, and Mobile Apps. It operates in one segment for its operations related to healthcare information systems in the mental health, long-term care, community health service, and hospital sectors. Geographically it's available in Canada, the United Kingdom, Australia, the USA, Western Asia, and the Rest of the world, and the majority of the revenue comes from the United Kingdom.

Executives