Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) ROCE % : 16.11% (As of Dec. 2023)

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What is Al-Maidan Dental Clinic Co KSC 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. Al-Maidan Dental Clinic Co KSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.11%.

Al-Maidan Dental Clinic Co KSC ROCE % Historical Data

The historical data trend for Al-Maidan Dental Clinic Co KSC'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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Al-Maidan Dental Clinic Co KSC ROCE % Chart

Al-Maidan Dental Clinic Co KSC Annual Data

Trend

Dec10

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.27

17.10

18.06

20.51

20.87

Al-Maidan Dental Clinic Co KSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.65	25.06	23.21	26.32	16.11

Al-Maidan Dental Clinic Co KSC ROCE % Calculation

Al-Maidan Dental Clinic Co KSC's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	13	/	( ( (82.794 - 24.93)	+	(95.396 - 28.697) )	/ 2 )
	=	13	/	( (57.864	+	66.699)	/ 2 )
	=	13	/	62.2815
	=	20.87 %

Al-Maidan Dental Clinic Co KSC'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 )
	=	11.884	/	( ( (106.318 - 33.989)	+	(110.52 - 35.34) )	/ 2 )
	=	11.884	/	( ( 72.329	+	75.18 )	/ 2 )
	=	11.884	/	73.7545
	=	16.11 %

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

Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) 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.

Al-Maidan Dental Clinic Co KSC ROCE % Related Terms

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Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Maidan Dental Clinic Co KSC (KUW:MIDAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalid lbn Al-Waleed Street, P.O. Box 606, Floor 32, KBT Tower, Al-Merqab, Opposite to Behbehani Round-about, Kuwait City, KWT, 15457

Website

https://www.maidangroup.com

Al-Maidan Dental Clinic Co KSC owns and operates dental centers. The company operates in two segments: Clinics and Hospitals. Clinics provide services relating to oral health care, diagnosis, consultations and treatment to outpatients with specialty in dental treatment. The hospital segment generates the majority of revenue for the firm, which includes services relating to medical diagnosis, health care, consultations, surgical and treatment to both outpatients and inpatients with various specialties. Geographically, all of its operations are conducted in the State of Kuwait.

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