Healthlead PCL (BKK:HL) ROCE % : 8.79% (As of Mar. 2024)

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What is Healthlead PCL 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. Healthlead PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.79%.

Healthlead PCL ROCE % Historical Data

The historical data trend for Healthlead PCL'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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Healthlead PCL ROCE % Chart

Healthlead PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

25.33

39.17

16.82

14.32

9.02

Healthlead PCL Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											6.43	8.19	8.05	13.80	8.79

Healthlead PCL ROCE % Calculation

Healthlead PCL'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 )
	=	103.017	/	( ( (1288.185 - 187.096)	+	(1382.345 - 199.257) )	/ 2 )
	=	103.017	/	( (1101.089	+	1183.088)	/ 2 )
	=	103.017	/	1142.0885
	=	9.02 %

Healthlead PCL'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 )
	=	106.16	/	( ( (1382.345 - 199.257)	+	(1432.077 - 200.384) )	/ 2 )
	=	106.16	/	( ( 1183.088	+	1231.693 )	/ 2 )
	=	106.16	/	1207.3905
	=	8.79 %

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

Healthlead PCL (BKK:HL) 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.

Healthlead PCL ROCE % Related Terms

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Healthlead PCL (BKK:HL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Healthlead PCL (BKK:HL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

99/4 Moo 10, Bang Muang Sub-District, Bang-Yai District, Nonthaburi, THA, 11140

Website

https://www.healthleadgroup.com

Healthlead PCL is engaged in the business of healthcare-related and medical products. It operates in the pharmacy business, distribution of medical supplies, cosmeceuticals, and dietary supplements. medical equipment and various health products. as well as in business regarding invention business, developing, importing, and distributing innovative healthcare products.