Doctor Care Anywhere Group (ASX:DOC) ROCE % : -44.33% (As of Jun. 2024)

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What is Doctor Care Anywhere Group 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. Doctor Care Anywhere Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -44.33%.

Doctor Care Anywhere Group ROCE % Historical Data

The historical data trend for Doctor Care Anywhere Group'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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Doctor Care Anywhere Group ROCE % Chart

Doctor Care Anywhere Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-20.81

-54.65

-97.54

-72.38

Doctor Care Anywhere Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-80.70	-109.00	-72.10	-65.31	-44.33

Doctor Care Anywhere Group ROCE % Calculation

Doctor Care Anywhere Group'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 )
	=	-15.799	/	( ( (39.727 - 14.686)	+	(37.08 - 18.465) )	/ 2 )
	=	-15.799	/	( (25.041	+	18.615)	/ 2 )
	=	-15.799	/	21.828
	=	-72.38 %

Doctor Care Anywhere Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-8.998	/	( ( (37.08 - 18.465)	+	(31.44 - 9.461) )	/ 2 )
	=	-8.998	/	( ( 18.615	+	21.979 )	/ 2 )
	=	-8.998	/	20.297
	=	-44.33 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Doctor Care Anywhere Group (ASX:DOC) 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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Doctor Care Anywhere Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Doctor Care Anywhere Group PLC (ASX:DOC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-15 Bouverie Street, 2nd Floor, London, GBR, EC4Y 8DP

Website

https://www.doctorcareanywhere.com

Doctor Care Anywhere Group PLC is a telehealth company that provides clinical care through digitally enabled, joined-up, evidence-based pathways on its proprietary platform. It utilizes its relationships with health insurers, healthcare providers, and corporate customers to connect with patients to deliver a range of telehealth services. The Group provides virtual healthcare services, technology platform licencing, and digital design services, within the United Kingdom, Australia, and the Republic of Ireland. The company derives the majority of its revenue from the UK and Ireland.