Future Health ESG (Future Health ESG) ROCE % : -6.95% (As of Dec. 2023)

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What is Future Health ESG 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. Future Health ESG's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.95%.

Future Health ESG ROCE % Historical Data

The historical data trend for Future Health ESG'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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Future Health ESG ROCE % Chart

Future Health ESG Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-2.20

-5.49

Future Health ESG Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-1.92	-6.24	-2.77	-2.64	-6.95

Future Health ESG ROCE % Calculation

Future Health ESG'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 )
	=	-0.679	/	( ( (17.258 - 1.315)	+	(17.229 - 8.441) )	/ 2 )
	=	-0.679	/	( (15.943	+	8.788)	/ 2 )
	=	-0.679	/	12.3655
	=	-5.49 %

Future Health ESG'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.86	/	( ( (17.215 - 1.262)	+	(17.229 - 8.441) )	/ 2 )
	=	-0.86	/	( ( 15.953	+	8.788 )	/ 2 )
	=	-0.86	/	12.3705
	=	-6.95 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Future Health ESG (NAS:FHLT) 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.

Future Health ESG ROCE % Related Terms

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Future Health ESG (Future Health ESG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Future Health ESG Corp (NAS:FHLT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 The Green, Suite 12081, Dover, DE, USA, 19901

Website

https://www.fhesg.com

Future Health ESG Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Snyderman Nancy Lynn Md	director	37 PHEASANT HILL ROAD, PRINCETON NJ 08540
Bradley Bostic	director, 10 percent owner, officer: Chief Executive Officer	8556 OAKMONT LANE, INDIANAPOLIS IN 46260
Future Health Esg Associates 1, Llc	10 percent owner	6100 TECHNOLOGY CENTER DR., INDIANAPOLIS IN 46278
Francis John Mills	director	8 THE GREEN, SUITE #12081, DOVER DE 19901
Travis A Morgan	director, 10 percent owner, officer: CFO and Secretary	8 THE GREEN, SUITE #12081, DOVER DE 19901
Robert Mark Lubbers	director	8 THE GREEN, SUITE #12081, DOVER DE 19901
Mb Equity, Llc	10 percent owner	6100 TECHNOLOGY CENTER DRIVE, INDIANAPOLIS IN 46278

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