Lumiera Health (TSXV:NHP.H) ROCE % : 0.00% (As of Aug. 2023)

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What is Lumiera Health 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. Lumiera Health's annualized ROCE % for the quarter that ended in Aug. 2023 was 0.00%.

Lumiera Health ROCE % Historical Data

The historical data trend for Lumiera Health'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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Lumiera Health ROCE % Chart

Lumiera Health Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Nov18

Nov19

Nov20

Nov21

Nov22

ROCE %

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-226.50

-451.75

-1,058.08

31.81

-2,266.67

Lumiera Health Quarterly Data
	Sep18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
ROCE %	Get a 7-Day Free Trial															-256.85	-	-	-	-

Lumiera Health ROCE % Calculation

Lumiera Health's annualized ROCE % for the fiscal year that ended in Nov. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2022 )		(A: Nov. 2021 )		(A: Nov. 2022 )
	=	-1.972	/	( ( (2.132 - 0.42)	+	(0.278 - 1.816) )	/ 2 )
	=	-1.972	/	( (1.712	+	-1.538)	/ 2 )
	=	-1.972	/	0.087
	=	-2,266.67 %

Lumiera Health's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: May. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: May. 2023 )		(Q: Aug. 2023 )
	=	-0.252	/	( ( (0.282 - 1.385)	+	(0.253 - 1.557) )	/ 2 )
	=	-0.252	/	( ( -1.103	+	-1.304 )	/ 2 )
	=	-0.252	/	-1.2035
	=	0 %

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

Lumiera Health (TSXV:NHP.H) 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.

Lumiera Health ROCE % Related Terms

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Lumiera Health (TSXV:NHP.H) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lumiera Health Inc (TSXV:NHP.H) » Definitions » ROCE %

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Address

4500 Kimber, Suite 26, Saint-Hubert, QC, CAN, J3Y 8K5

Website

https://www.lumiera.ca

Lumiera Health Inc is a natural health products company. The company is developing products focusing on the endocannabinoid system and providing treatments for chronic pain and inflammation.

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