WELL Health Technologies (TSX:WELL) ROCE % : -19.19% (As of Sep. 2024)

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What is WELL Health Technologies 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. WELL Health Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -19.19%.

WELL Health Technologies ROCE % Historical Data

The historical data trend for WELL Health Technologies'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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WELL Health Technologies ROCE % Chart

WELL Health Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.59

-3.58

-2.55

3.42

4.17

WELL Health Technologies 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															1.30	13.87	8.75	36.06	-19.19

WELL Health Technologies ROCE % Calculation

WELL Health Technologies'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 )
	=	50.841	/	( ( (1319.031 - 136.503)	+	(1409.302 - 152.953) )	/ 2 )
	=	50.841	/	( (1182.528	+	1256.349)	/ 2 )
	=	50.841	/	1219.4385
	=	4.17 %

WELL Health Technologies'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 )
	=	-263.344	/	( ( (1637.694 - 208.422)	+	(1593.128 - 277.163) )	/ 2 )
	=	-263.344	/	( ( 1429.272	+	1315.965 )	/ 2 )
	=	-263.344	/	1372.6185
	=	-19.19 %

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

WELL Health Technologies (TSX:WELL) 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.

WELL Health Technologies ROCE % Related Terms

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WELL Health Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » WELL Health Technologies Corp (TSX:WELL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WHTCF:USA W7V:Germany

Address

375 Water Street, Suite 550, Vancouver, BC, CAN, V6B 5C6

Website

https://www.well.company

WELL Health Technologies Corp is a practitioner-focused digital healthcare company. It has seven reportable segments that are grouped into three key business units: Canadian Patient Services that includes Primary and Specialized MyHealth. WELL Health USA Patient Services includes Primary Circle Medica, Primary WISP, Specialized CRH Medical, and Specialized Provider Staffing and SaaS and Technology Services. It generates the majority of its revenue from Well Health USA Patient and Provider Services unit.

Executives

Eva Fong	Senior Officer
Hamed Shahbazi	10% Security Holder, Director, Senior Officer
John Kim	Director
Amir Javidan	Senior Officer
Thomas Craig Liston	Director
Tara Mccarville	Director
Kenneth Anthony Cawkell	Director
Sybil E Jen Lau	Director
Well Health Technologies Corp.	Issuer
Arjun Kumar	Senior Officer
Brian Eric Levinkind	Director