IMAC Holdings (IMAC Holdings) ROCE % : 0.00% (As of Mar. 2024)

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What is IMAC Holdings 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. IMAC Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

IMAC Holdings ROCE % Historical Data

The historical data trend for IMAC Holdings'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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IMAC Holdings ROCE % Chart

IMAC Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-104.42

-35.38

-55.63

-87.79

-325.72

IMAC Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-148.90	-364.38	-882.34	1,150.57	-

IMAC Holdings ROCE % Calculation

IMAC Holdings'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 )
	=	-6.35	/	( ( (11.082 - 6.43)	+	(1.144 - 1.897) )	/ 2 )
	=	-6.35	/	( (4.652	+	-0.753)	/ 2 )
	=	-6.35	/	1.9495
	=	-325.72 %

IMAC Holdings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-1.632	/	( ( (1.144 - 1.897)	+	(0.911 - 2.15) )	/ 2 )
	=	-1.632	/	( ( -0.753	+	-1.239 )	/ 2 )
	=	-1.632	/	-0.996
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

IMAC Holdings (NAS:BACK) 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.

IMAC Holdings ROCE % Related Terms

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IMAC Holdings (IMAC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » IMAC Holdings Inc (NAS:BACK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3401 Mallory Lane, Suite 100, Franklin, TN, USA, 37067

Website

https://www.imacregeneration.com

IMAC Holdings Inc is a company operating a chain of Integrated Medicine and Chiropractic (IMAC) Regeneration Centers, combining life science advancements with traditional medical care for movement restricting diseases and conditions. It owns and manages outpatient clinics that provide regenerative, orthopedic, and minimally invasive procedures and therapies. Its primary service areas are located in certain geographical areas in the states of Florida, Illinois, Kentucky, Louisiana, Missouri, and Tennessee.

Executives

Benjamin S Lerner	officer: Chief Operating Officer	C/O IMAC HOLDINGS, INC., 1605 WESTGATE CIRCLE, BRENTWOOD TN 37027
Matthew C Wallis	director, 10 percent owner, officer: Chief Operating Officer	C/O IMAC HOLDINGS, INC., 1605 WESTGATE CIRCLE, BRENTWOOD TN 37027
Michael D Pruitt	director	11220 ELM LANE, SUITE 203, CHARLOTTE NC 28277
Cary Sucoff	director	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Maurice E. Evans	director	C/O IMAC HOLDINGS, INC., 1605 WESTGATE CIRCLE, BRENTWOOD TN 37027
Jeffrey S Ervin	director, officer: Chief Executive Officer	C/O IMAC HOLDINGS, INC., 1605 WESTGATE CIRCLE, BRENTWOOD TN 37027
Hayden Gerard M Jr	director	C/O PRIVATE BUSINESS INC, P O BOX 1603, BRENTWOOD TN 37024
David Ellwanger	director	C/O IMAC HOLDINGS, INC., 1605 WESTGATE CIRCLE, BRENTWOOD TN 37027
Sheri Gardzina	officer: Interim CFO	C/O IMAC HOLDINGS, INC., 1605 WESTGATE CIRCLE, BRENTWOOD TN 37027
George P Hampton	director	C/O HORIZON PHARMA PLC, 520 LAKE COOK ROAD, STE 520, DEERFIELD IL 60015
Dean Weiland	director	C/O IMAC HOLDINGS, INC., 1605 WESTGATE CIRCLE, BRENTWOOD TN 37027
Dwight Anthony Bond	officer: Chief Financial Officer	C/O IMAC HOLDINGS, INC., BRENTWOOD TN 37027