Dentalcorp Holdings (TSX:DNTL) ROCE % : -2.44% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Dentalcorp Holdings 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. Dentalcorp Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.44%.

Dentalcorp Holdings ROCE % Historical Data

The historical data trend for Dentalcorp Holdings'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.

* Premium members only.

Dentalcorp Holdings ROCE % Chart

Dentalcorp Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-0.01

-1.64

-3.29

-0.24

-0.18

Dentalcorp Holdings Quarterly Data
	Apr18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													-1.06	-1.83	2.01	1.50	-2.44

Dentalcorp Holdings ROCE % Calculation

Dentalcorp Holdings'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 )
	=	-5.8	/	( ( (3376 - 182.7)	+	(3288.5 - 164.2) )	/ 2 )
	=	-5.8	/	( (3193.3	+	3124.3)	/ 2 )
	=	-5.8	/	3158.8
	=	-0.18 %

Dentalcorp Holdings'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 )
	=	-76.4	/	( ( (3334.6 - 189.3)	+	(3288.5 - 164.2) )	/ 2 )
	=	-76.4	/	( ( 3145.3	+	3124.3 )	/ 2 )
	=	-76.4	/	3134.8
	=	-2.44 %

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

Dentalcorp Holdings (TSX:DNTL) 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.

Dentalcorp Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Dentalcorp Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Dentalcorp Holdings (TSX:DNTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dentalcorp Holdings Ltd (TSX:DNTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DNTCF:USA

Address

181 Bay Street, Suite 2600, Toronto, ON, CAN, M5J 2T3

Website

https://www.dentalcorp.ca

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.

Dentalcorp Holdings (TSX:DNTL) Headlines

No Headlines