Pacific Smiles Group (ASX:PSQ) ROCE % : 8.02% (As of Jun. 2024)

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What is Pacific Smiles 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. Pacific Smiles Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.02%.

Pacific Smiles Group ROCE % Historical Data

The historical data trend for Pacific Smiles 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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Pacific Smiles Group ROCE % Chart

Pacific Smiles Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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11.05

16.27

-4.16

3.42

8.01

Pacific Smiles Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-5.53	1.07	5.68	8.02	8.02

Pacific Smiles Group ROCE % Calculation

Pacific Smiles Group's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	11.148	/	( ( (188.108 - 39.241)	+	(171.978 - 42.438) )	/ 2 )
	=	11.148	/	( (148.867	+	129.54)	/ 2 )
	=	11.148	/	139.2035
	=	8.01 %

Pacific Smiles 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 )
	=	10.762	/	( ( (180.071 - 41.176)	+	(171.978 - 42.438) )	/ 2 )
	=	10.762	/	( ( 138.895	+	129.54 )	/ 2 )
	=	10.762	/	134.2175
	=	8.02 %

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

Pacific Smiles Group (ASX:PSQ) 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.

Pacific Smiles Group ROCE % Related Terms

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Pacific Smiles Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pacific Smiles Group Ltd (ASX:PSQ) » Definitions » ROCE %

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Address

6 Molly Morgan Drive, Level 1, Greenhills, NSW, AUS, 2323

Website

https://www.pacificsmilesdental.com.au

Pacific Smiles Group Ltd engages in the development and operation of dental centers in Eastern Australia. It provides full services surgeries, equipped facilities, materials, marketing, and administrative services to independent dentists. The company generates maximum revenue from Dental service fees.