Vijaya Diagnostic Centre (BOM:543350) ROCE % : 21.22% (As of Dec. 2024)

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What is Vijaya Diagnostic Centre 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. Vijaya Diagnostic Centre's annualized ROCE % for the quarter that ended in Dec. 2024 was 21.22%.

Vijaya Diagnostic Centre ROCE % Historical Data

The historical data trend for Vijaya Diagnostic Centre'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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Vijaya Diagnostic Centre ROCE % Chart

Vijaya Diagnostic Centre Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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25.19

27.29

28.42

18.53

21.29

Vijaya Diagnostic Centre Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															19.27	21.12	21.17	25.23	21.22

Vijaya Diagnostic Centre ROCE % Calculation

Vijaya Diagnostic Centre'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 )
	=	1806.433	/	( ( (8534.069 - 661.687)	+	(9827.527 - 728.659) )	/ 2 )
	=	1806.433	/	( (7872.382	+	9098.868)	/ 2 )
	=	1806.433	/	8485.625
	=	21.29 %

Vijaya Diagnostic Centre's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	2140.972	/	( ( (11252.984 - 1162.931)	+	(0 - 0) )	/ 1 )
	=	2140.972	/	( ( 10090.053	+	0 )	/ 1 )
	=	2140.972	/	10090.053
	=	21.22 %

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

Vijaya Diagnostic Centre (BOM:543350) 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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Vijaya Diagnostic Centre Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Vijaya Diagnostic Centre Ltd (BOM:543350) » Definitions » ROCE %

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VIJAYA:India

Address

Ground Floor, FPAI Building, No 6-3-883/F, Punjagutta Officers Colony, Near Topaz Building, Hyderabad, TG, IND, 500 082

Website

https://www.vijayadiagnostic.com

Vijaya Diagnostic Centre Ltd operates a diagnostic chain in Southern India. The company offers a one-stop solution for pathology and radiology testing services. It provides routine tests, specialized pathology tests, basic tests, and advanced radiology tests. The company also offers a broad spectrum of customized health and wellness packages to its customers. The company's revenue comes from many diagnostic centers, where high-volume sales drive its earnings. The Company operates within India. The company's operations fall within a single business segment, which is Diagnostic Services.

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