Chiang Mai Ram Medical Business PCL (BKK:CMR-F) ROCE % : 9.29% (As of Mar. 2024)

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What is Chiang Mai Ram Medical Business PCL 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. Chiang Mai Ram Medical Business PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.29%.

Chiang Mai Ram Medical Business PCL ROCE % Historical Data

The historical data trend for Chiang Mai Ram Medical Business PCL'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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Chiang Mai Ram Medical Business PCL ROCE % Chart

Chiang Mai Ram Medical Business PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.35

4.88

6.01

9.27

6.30

Chiang Mai Ram Medical Business PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.92	2.41	8.63	7.97	9.29

Chiang Mai Ram Medical Business PCL ROCE % Calculation

Chiang Mai Ram Medical Business PCL'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 )
	=	633.162	/	( ( (14193.598 - 3286.659)	+	(12382.75 - 3179.53) )	/ 2 )
	=	633.162	/	( (10906.939	+	9203.22)	/ 2 )
	=	633.162	/	10055.0795
	=	6.30 %

Chiang Mai Ram Medical Business PCL's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	823.264	/	( ( (12382.75 - 3179.53)	+	(11921.656 - 3398.121) )	/ 2 )
	=	823.264	/	( ( 9203.22	+	8523.535 )	/ 2 )
	=	823.264	/	8863.3775
	=	9.29 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Chiang Mai Ram Medical Business PCL (BKK:CMR-F) 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.

Chiang Mai Ram Medical Business PCL ROCE % Related Terms

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Chiang Mai Ram Medical Business PCL (BKK:CMR-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Chiang Mai Ram Medical Business PCL (BKK:CMR-F) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CMR:Thailand

Address

1, Sukkasem Road, Nakhon Ping Sub-district, Patan Subdistrict, Mueang District, Chiangmai, THA, 50300

Website

https://www.lanna-hospital.com

Chiang Mai Ram Medical Business PCL is a Thailand-based company. It provides medical services in the nature of General Hospital, Hospital in Social Security, and the national health security office systems. It offers various medical services including a Dental center, X-Ray Mobile for a checkup, CT Multislice, Cardiac Catheterization Center, Back pain center, Gynecologic Cancer center Physical therapy, Operating theatres, Laboratory, Ambulance Services, and Health checkup center, among others. It provides medical services through the Lanna Hospital.

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