Leveljump Healthcare (TSXV:JUMP) ROCE % : -57.40% (As of Sep. 2023)

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What is Leveljump Healthcare 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. Leveljump Healthcare's annualized ROCE % for the quarter that ended in Sep. 2023 was -57.40%.

Leveljump Healthcare ROCE % Historical Data

The historical data trend for Leveljump Healthcare'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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Leveljump Healthcare ROCE % Chart

Leveljump Healthcare Annual Data

Trend

Aug19

Aug20

Dec21

Dec22

ROCE %

-85.15

-182.81

6.05

Leveljump Healthcare Quarterly Data
	Nov19	Aug20	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial								-7.92	-8.43	44.48	-6.61	-57.40

Leveljump Healthcare ROCE % Calculation

Leveljump Healthcare'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: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	0.378	/	( ( (4.098 - 1.898)	+	(13.258 - 2.964) )	/ 2 )
	=	0.378	/	( (2.2	+	10.294)	/ 2 )
	=	0.378	/	6.247
	=	6.05 %

Leveljump Healthcare'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-6.136	/	( ( (14.526 - 3.635)	+	(14.443 - 3.955) )	/ 2 )
	=	-6.136	/	( ( 10.891	+	10.488 )	/ 2 )
	=	-6.136	/	10.6895
	=	-57.40 %

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

Leveljump Healthcare (TSXV:JUMP) 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.

Leveljump Healthcare ROCE % Related Terms

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Leveljump Healthcare (TSXV:JUMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Leveljump Healthcare Corp (TSXV:JUMP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JMPHF:USA

Address

85 Scarsdale Road, Suite 304, Toronto, ON, CAN, M3B 2R2

Website

https://www.leveljumphealthcare.com

Leveljump Healthcare Corp is engaged in the business of providing radiology solutions for hospitals, emergency rooms, and private clinics. The company offers telehealth services that are designed to provide a doctor-to-doctor collaboration and diagnosis allowing effective patient care.

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