Co-Diagnostics Inc
NASDAQ:CODX

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Co-Diagnostics Inc
NASDAQ:CODX
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Price: 0.263 USD 3.67% Market Closed
Market Cap: 8.9m USD

ROCE
Return on Capital Employed

-58.5%
Current
-24%
Average
2.7%
Industry

ROCE, or Return on Capital Employed, is a financial ratio that measures a company’s profitability in relation to the capital it employs.

ROCE
-58.5%
=
EBIT
-38.4m
/
Capital Employed
62.6m

ROCE Across Competitors

Co-Diagnostics Inc
Glance View

Market Cap
8.8m USD
Industry
Health Care

Co-Diagnostics, Inc. engages in the development and innovation of molecular tools for detection of infectious diseases, liquid biopsy for cancer screening, and agricultural applications. The company is headquartered in Salt Lake City, Utah and currently employs 101 full-time employees. The company went IPO on 2017-07-12. The firm is engaged in developing, manufacturing and marketing diagnostics technology. Its reagents are used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules, such as deoxyribonucleic acid and ribonucleic acid. The company also sells diagnostic equipment from other manufacturers as self-contained lab systems (MDx device). The firm uses its proprietary test design system and proprietary reagents to design and sell polymerase chain reaction diagnostic tests for diseases and pathogens starting with tests for tuberculosis, a drug resistant tuberculosis test, hepatitis B and C, Malaria, dengue, human immunodeficiency virus and Zika virus, all of which tests have been designed and validated in its laboratory. Its diagnostics systems enable molecular testing for organisms and genetic diseases by automating historically complex procedures in both the development and administration of tests.

CODX Intrinsic Value
Not Available
What is Return on Capital Employed?

ROCE, or Return on Capital Employed, is a financial ratio that measures a company’s profitability in relation to the capital it employs.

ROCE
-58.5%
=
EBIT
-38.4m
/
Capital Employed
62.6m
What is the ROCE of Co-Diagnostics Inc?

Based on Co-Diagnostics Inc's most recent financial statements, the company has ROCE of -58.5%.

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