Comprehensive Healthcare Systems (TSXV:CHS) ROCE % : 0.00% (As of Sep. 2023)

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What is Comprehensive Healthcare Systems 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. Comprehensive Healthcare Systems's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Comprehensive Healthcare Systems ROCE % Historical Data

The historical data trend for Comprehensive Healthcare Systems'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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Comprehensive Healthcare Systems ROCE % Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

ROCE %

-47.23

-19.44

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial														-	-	-	-	-

Comprehensive Healthcare Systems ROCE % Calculation

Comprehensive Healthcare Systems's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Jan. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Jan. 2021 )		(A: Dec. 2022 )
	=	-6.528	/	( ( (0.351 - 0.015)	+	(2.866 - 6.462) )	/ 2 )
	=	-6.528	/	( (0.336	+	-3.596)	/ 2 )
	=	-6.528	/	-1.63
	=	400.49 %

Comprehensive Healthcare Systems's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-5.9	/	( ( (1.802 - 6.864)	+	(1.946 - 7.924) )	/ 2 )
	=	-5.9	/	( ( -5.062	+	-5.978 )	/ 2 )
	=	-5.9	/	-5.52
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Comprehensive Healthcare Systems (TSXV:CHS) 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.

Comprehensive Healthcare Systems ROCE % Related Terms

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