Dolphin Medical Services (BOM:526504) ROCE % : -4.29% (As of Mar. 2024)

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What is Dolphin Medical Services 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. Dolphin Medical Services's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.29%.

Dolphin Medical Services ROCE % Historical Data

The historical data trend for Dolphin Medical Services'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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Dolphin Medical Services ROCE % Chart

Dolphin Medical Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-2.02

-1.95

-1.44

-0.94

-0.76

Dolphin Medical Services 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															-3.01	0.52	0.54	0.19	-4.29

Dolphin Medical Services ROCE % Calculation

Dolphin Medical Services's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-0.869	/	( ( (121.729 - 6.578)	+	(121.324 - 6.66) )	/ 2 )
	=	-0.869	/	( (115.151	+	114.664)	/ 2 )
	=	-0.869	/	114.9075
	=	-0.76 %

Dolphin Medical Services'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 )
	=	-4.916	/	( ( (0 - 0)	+	(121.324 - 6.66) )	/ 1 )
	=	-4.916	/	( ( 0	+	114.664 )	/ 1 )
	=	-4.916	/	114.664
	=	-4.29 %

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

Dolphin Medical Services (BOM:526504) 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.

Dolphin Medical Services ROCE % Related Terms

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Dolphin Medical Services (BOM:526504) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Dolphin Medical Services Ltd (BOM:526504) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

D.No.29-28/1-27, Kovelamudivari Veedhi, Suryaraopet, Vijayawada, AP, IND, 520 002

Website

http://www.dolphinmedicalservices.com

Dolphin Medical Services Ltd is an India-based company engaged in providing diagnostics and other allied services. It includes a range of tests covering radiology and imaging, biochemistry, pathology, and microbiology. In addition, the company is also involved in Information Technology, Biotechnology, and Herbal sectors. Services provided by the company are Diagnostic Centre provides all the services under one roof; the Ophthalmic Laser Care Centre provides total laser eye treatment as "Dolphin Nethralaya"; Teleradiology Services; Clinical Trials and Life Sciences division; Medical Equipment & Goods associated distribution; Bio-Tech Division is to provide Foods and Herbal Products and Dolphin Electronic Solution and Technologies(DEST).

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