would you divide EBITDA by EV to work out how healthy a company is . Is EBITDA gross profit essentially. and ROC is effectively gross profit / shareholders equity and long term debt.
I would never judge the health of a company based on EBITDA nor would I use fundamental analysis to analyze an equity but that depends on your investment strategy.
No, EBITDA is not gross profit and I gave you the formula to calculate ROC. It's not gross profit divided by shareholder equity and debt but it is profit or loss divided by shareholder equity + debt.