Kovo+ Holdings (TSXV:KOVO) ROCE % : -4,741.55% (As of Sep. 2024)

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What is Kovo+ Holdings 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. Kovo+ Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was -4,741.55%.

Kovo+ Holdings ROCE % Historical Data

The historical data trend for Kovo+ Holdings'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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Kovo+ Holdings ROCE % Chart

Kovo+ Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-57.09

-87.44

-4.04

-111.53

Kovo+ Holdings Quarterly Data
	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													-57.38	-194.94	-490.00	-	-4,741.55

Kovo+ Holdings ROCE % Calculation

Kovo+ Holdings'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 )
	=	-5.538	/	( ( (9.42 - 2.722)	+	(12.419 - 9.186) )	/ 2 )
	=	-5.538	/	( (6.698	+	3.233)	/ 2 )
	=	-5.538	/	4.9655
	=	-111.53 %

Kovo+ Holdings'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 )
	=	-5.192	/	( ( (12.256 - 12.991)	+	(16.567 - 15.613) )	/ 2 )
	=	-5.192	/	( ( -0.735	+	0.954 )	/ 2 )
	=	-5.192	/	0.1095
	=	-4,741.55 %

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

Kovo+ Holdings (TSXV:KOVO) 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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Kovo+ Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kovo+ Holdings Inc (TSXV:KOVO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

925 West Georgia Street, Suite 1600, Vancouver, BC, CAN, V6C 3L2

Website

https://www.kovoplus.com

Kovo+ Holdings Inc is a versatile technology company leading the charge in AI initiatives to drive impact and innovation across diverse industries. Its expanded vision and mission evaluates initiatives across diverse industry markets. The company remains committed to integrate strategic growth opportunities with mid-market Medical Billing firms for exploitive business optimization synergies and expanding the Kovo+ RCM business model. It also integrates accretive additions in the broader healthcare sector to its portfolio. Dedicated to revolutionizing business processes optimization through technological advancements and evolving AI-applied methods, Kovo+ embodies a commitment to ensured and enduring profitability.

Executives

Steven Elliott Parry	Director
Harprit Singh Gahunia	Director

Kovo+ Holdings Headlines

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