Bioline Rx Ltd ROCE
What is the ROCE of Bioline Rx Ltd?
The ROCE of Bioline Rx Ltd is -37.20%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Health Care sector on NASDAQ compared to Bioline Rx Ltd
What does Bioline Rx Ltd do?
biolinerx is a clinical-stage, publicly-traded (nasdaq/ tase: blrx) biopharmaceutical development company based in modi'in, israel. this website or social media page (the “site”) of biolinerx ltd. (the “company”) may contain content posted by a third party or links to third party websites (the “content” or “third party content”). this content is provided solely for general informational purposes as a convenience to you and not as an endorsement by the company of the content. it does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. the company is not responsible for this content and does not make any representations as to the subject matter, accuracy, completeness or timeliness or the content. if you decide to access linked third party websites, you do so at your own risk. there is no warranty of any kind, express or implied, regarding the content, including without limitation any warranty of m
Companies with roce similar to Bioline Rx Ltd
- agilon health, inc has ROCE of -37.41%
- Kura Oncology Inc has ROCE of -37.40%
- RM2 International S.A has ROCE of -37.39%
- Penbar Capital Ltd has ROCE of -37.35%
- Alector has ROCE of -37.27%
- ReTo Eco-Solutions Inc has ROCE of -37.24%
- Bioline Rx Ltd has ROCE of -37.20%
- Atlas has ROCE of -37.14%
- Artelo Biosciences has ROCE of -37.09%
- Artelo Biosciences has ROCE of -37.09%
- Artelo Biosciences has ROCE of -37.09%
- DiaMedica Therapeutics has ROCE of -36.96%
- Cassiar Gold Corp has ROCE of -36.89%