Jack Nathan Medical (TSXV:JNH) ROCE %: -97.54% (As of Oct. 2023)

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What is Jack Nathan Medical ROCE %?

Jack Nathan Medical TSXV:JNH ROCE % is -97.54% as of Oct. 2023.

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. Jack Nathan Medical's annualized ROCE % for the quarter that ended in Oct. 2023 was -97.54%.

Jack Nathan Medical  (TSXV:JNH) 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.

Jack Nathan Medical ROCE % Related Terms

Jack Nathan Medical ROCE % Historical Data

* Premium members only.

The historical data trend for Jack Nathan Medical'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.

Jack Nathan Medical ROCE % Chart

Jack Nathan Medical Annual Data
Trend Dec18 Dec19 Jan20 Jan21 Jan22 Jan23
ROCE %
Get a 7-Day Free Trial -57.94 0.00 -216.46 -106.40 -110.17

Jack Nathan Medical Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -67.30 -223.05 -96.20 -87.51 -97.54

Jack Nathan Medical ROCE % Calculation

Jack Nathan Medical'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 )
=-6.579/( ( (8.139 - 2.696) + (6.5 - 0) )/ 2 )
=-6.579/( (5.443+6.5)/ 2 )
=-6.579/5.9715
=-110.17 %

Jack Nathan Medical's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Oct. 2023 )  (Q: Jul. 2023 )(Q: Oct. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Oct. 2023 )  (Q: Jul. 2023 )(Q: Oct. 2023 )
=-6.356/( ( (12.573 - 5.108) + (11.906 - 6.338) )/ 2 )
=-6.356/( ( 7.465 + 5.568 )/ 2 )
=-6.356/6.5165
=-97.54 %

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

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -97.54% mean?
Jack Nathan Medical (TSXV:JNH) has a ROCE % of -97.54% as of Oct. 2023.
Is Jack Nathan Medical's ROCE % too high?
Jack Nathan Medical's current ROCE % is -97.54%.
How does Jack Nathan Medical's ROCE % compare to HCA and UHS?
Jack Nathan Medical's ROCE % of -97.54% can be compared against companies in the Healthcare Providers & Services industry. The industry median ROCE % is 6.56. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Healthcare Providers & Services company?
The median ROCE % among Healthcare Providers & Services companies is 6.56, based on 646 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Healthcare Providers & Services industry, the median ROCE % is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jack Nathan Medical's current ROCE % is -97.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jack Nathan Medical stock overvalued right now?
Jack Nathan Medical (TSXV:JNH) has a current ROCE % of -97.54%. The current ROCE % is -97.54%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Jack Nathan Medical (TSXV:JNH), the current ROCE % is -97.54% as of Oct. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jack Nathan Medical Business Description

Address 6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6
Jack Nathan Medical Corp is a provider of primary care medical clinics located in Walmart Supercentres under the Jack Nathan Health brand. The company designs, builds and sets barrier-free medical clinics for physicians in high-density centers, providing patients with an opportunity to receive immediate access to quality care in modern facilities.