Elite Diagnostic (XJAM:ELITE) ROCE % : 0.00% (As of . 20)

View and export this data going back to 2018. Start your Free Trial

What is Elite Diagnostic 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. Elite Diagnostic's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Elite Diagnostic ROCE % Historical Data

The historical data trend for Elite Diagnostic'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.

* Premium members only.

Elite Diagnostic ROCE % Chart

Elite Diagnostic Annual Data

Trend

ROCE %

Elite Diagnostic Semi-Annual Data

ROCE %

Elite Diagnostic ROCE % Calculation

Elite Diagnostic's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Elite Diagnostic's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is one times the annual (. 20) EBIT data.

Elite Diagnostic (XJAM:ELITE) 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.

Elite Diagnostic ROCE % Related Terms

Thank you for viewing the detailed overview of Elite Diagnostic's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Elite Diagnostic (XJAM:ELITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Elite Diagnostic Ltd (XJAM:ELITE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1B Holborn Road, St. Andrew, Kingston, JAM, 5

Website

https://www.elite-diagnostic.com

Elite Diagnostic Ltd provides diagnostic and research services. The company offers various services such as Interventional Radiology Procedures, Magnetic Resonance Imaging (MRI), Computed Tomography (CT Scan), Ultrasound, X-Ray, Fluoroscopy, Endoscopic Ultrasound, the only one of its kind in the Caribbean. The company's revenue is derived mainly from diagnostic imaging services.

Elite Diagnostic (XJAM:ELITE) Headlines

No Headlines