Epitomee Medical (XTAE:EPIT) ROCE % : -6.72% (As of Dec. 2023)

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What is Epitomee Medical 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. Epitomee Medical's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.72%.

Epitomee Medical ROCE % Historical Data

The historical data trend for Epitomee Medical'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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Epitomee Medical ROCE % Chart

Epitomee Medical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-74.03

-22.37

-20.94

-26.40

-12.32

Epitomee Medical Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-29.11	-18.21	-37.60	-16.43	-6.72

Epitomee Medical ROCE % Calculation

Epitomee Medical'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 )
	=	-20.666	/	( ( (202.809 - 7.939)	+	(147.931 - 7.186) )	/ 2 )
	=	-20.666	/	( (194.87	+	140.745)	/ 2 )
	=	-20.666	/	167.8075
	=	-12.32 %

Epitomee Medical's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-10.706	/	( ( (184.024 - 6.18)	+	(147.931 - 7.186) )	/ 2 )
	=	-10.706	/	( ( 177.844	+	140.745 )	/ 2 )
	=	-10.706	/	159.2945
	=	-6.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Epitomee Medical (XTAE:EPIT) 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.

Epitomee Medical ROCE % Related Terms

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Epitomee Medical (XTAE:EPIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Epitomee Medical Ltd (XTAE:EPIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EPTMF:USA

Address

Tarshish 19, Caesarea, ISR, 3088900

Website

https://www.epitomeemedical.com

Epitomee Medical Ltd is engaged in developing and commercializing ingestible therapeutic devices.

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