Eviana Health (XCNQ:EHC) ROCE % : -24.33% (As of Mar. 2019)

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What is Eviana 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. Eviana Health's annualized ROCE % for the quarter that ended in Mar. 2019 was -24.33%.

Eviana Health ROCE % Historical Data

The historical data trend for Eviana 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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Eviana Health ROCE % Chart

Eviana Health Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

ROCE %

-4.35

-136.29

Eviana Health Quarterly Data
	Jun15	Mar16	Jun16	Sep16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial								-106.14	-17.63	-24.94	-50.52	-24.33

Eviana Health ROCE % Calculation

Eviana Health's annualized ROCE % for the fiscal year that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2018 )		(A: Jun. 2017 )		(A: Jun. 2018 )
	=	-4.405	/	( ( (0.699 - 0.041)	+	(6.394 - 0.588) )	/ 2 )
	=	-4.405	/	( (0.658	+	5.806)	/ 2 )
	=	-4.405	/	3.232
	=	-136.29 %

Eviana Health's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	-3.24	/	( ( (16.426 - 2.526)	+	(15.027 - 2.294) )	/ 2 )
	=	-3.24	/	( ( 13.9	+	12.733 )	/ 2 )
	=	-3.24	/	13.3165
	=	-24.33 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

Eviana Health (XCNQ:EHC) 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.

Eviana Health ROCE % Related Terms

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Eviana Health (XCNQ:EHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eviana Health Corp (XCNQ:EHC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5728 East Boulevard, Vancouver, BC, CAN, V6M 4M4

Website

http://www.eviana.ca

Eviana Health Corp produces and sells cannabinoid products from natural hemp strains of cannabis sativa for consumer health-care products, pharmaceuticals, nutraceuticals, and cosmeceuticals, as well as for topical creams and other health and wellness products.