Optimax Holdings Bhd (XKLS:0222) ROCE % : 23.88% (As of Dec. 2023)

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What is Optimax Holdings Bhd 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. Optimax Holdings Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.88%.

Optimax Holdings Bhd ROCE % Historical Data

The historical data trend for Optimax Holdings Bhd'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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Optimax Holdings Bhd ROCE % Chart

Optimax Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.12

18.59

26.23

30.15

23.41

Optimax Holdings Bhd Quarterly Data
	Dec18	Mar19	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															27.05	24.07	27.96	22.25	23.88

Optimax Holdings Bhd ROCE % Calculation

Optimax Holdings Bhd'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 )
	=	21.448	/	( ( (101.386 - 15.949)	+	(119.739 - 21.911) )	/ 2 )
	=	21.448	/	( (85.437	+	97.828)	/ 2 )
	=	21.448	/	91.6325
	=	23.41 %

Optimax Holdings Bhd'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 )
	=	22.624	/	( ( (107.604 - 15.924)	+	(119.739 - 21.911) )	/ 2 )
	=	22.624	/	( ( 91.68	+	97.828 )	/ 2 )
	=	22.624	/	94.754
	=	23.88 %

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

Optimax Holdings Bhd (XKLS:0222) 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.

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Optimax Holdings Bhd (XKLS:0222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optimax Holdings Bhd (XKLS:0222) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 145, Jalan Radin Bagus, 1st and 2nd Floor, Seri Petaling, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.optimax2u.com

Optimax Holdings Bhd is a provider of eye specialist services. It offers a range of services with in-house medical ophthalmology at specialist centres such as specialist clinics, ambulatory care centres, and specialist hospitals. The company's ambulatory care centres and specialist hospital are equipped with eye operation theatres, and procedure rooms, general and day care wards, and relevant equipment for surgical procedures. It derives revenue from refractive surgery, treatment of eye diseases and disorders, consultation and dispensary services, oculoplastic treatment, and related services.

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