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Eternity Healthcare (Eternity Healthcare) ROCE % : -117.68% (As of Jul. 2018)


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What is Eternity 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. Eternity Healthcare's annualized ROCE % for the quarter that ended in Jul. 2018 was -117.68%.

Eternity Healthcare ROCE % Historical Data

The historical data trend for Eternity 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.

* Premium members only.

Eternity Healthcare ROCE % Chart

Eternity Healthcare Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -447.93 - - -

Eternity Healthcare Quarterly Data
Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -135.69 -117.68

Eternity Healthcare ROCE % Calculation

Eternity Healthcare's annualized ROCE % for the fiscal year that ended in Apr. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Apr. 2018 )  (A: Apr. 2017 )(A: Apr. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Apr. 2018 )  (A: Apr. 2017 )(A: Apr. 2018 )
=-0.301/( ( (0.204 - 0.98) + (1.959 - 1.388) )/ 2 )
=-0.301/( (-0.776+0.571)/ 2 )
=-0.301/-0.1025
=293.66 %

Eternity Healthcare's ROCE % of for the quarter that ended in Jul. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jul. 2018 )  (Q: Apr. 2018 )(Q: Jul. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jul. 2018 )  (Q: Apr. 2018 )(Q: Jul. 2018 )
=-0.732/( ( (1.959 - 1.388) + (2.72 - 2.047) )/ 2 )
=-0.732/( ( 0.571 + 0.673 )/ 2 )
=-0.732/0.622
=-117.68 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2018) EBIT data.

* 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.

Eternity Healthcare  (GREY:ETAH) 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.

Eternity Healthcare ROCE % Related Terms

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Eternity Healthcare (Eternity Healthcare) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Eternity Healthcare Inc (GREY:ETAH) » Definitions » ROCE %
Comparable Companies
WAR:GEN WAR:NST WAR:BMX NIMU XSAT:ALPH INOL WAR:SCP XSAT:MEDF XMCE:EEP XKLS:0155 XSAT:IDL B BZYR MDIT OSTO:ADDV A WAR:IGN MHTX ASX:LSH ASX:PAA XCNQ:BUX TSX:GEN
Traded in Other Exchanges
N/A
Address
18 Carnarvon Road, Flat/Room 1006 - 10th Floor, Hang Seng Tsim Sha Tsui Building, Tsim Sha TsuiI, Kowloon, Hong Kong, HKG
Website
http://www.eternityhealthcare.com
Eternity Healthcare Inc is a medical device company operating in the us. It focuses on manufacturing a needle-free injection system. The company emphasizes needle-free injection device technology for application in Diabetes, Pediatric Oncology, Multiple sclerosis, Multiple sclerosis, Anesthetics, Vaccine, Cardiovascular, and Migraine. The company adult stem cell storage is all located in North China, East China, and South China. The company targets market includes Guizhou, Yunan, Guangxi, Xinjiang, and Tibet.