Scandinavian Medical Solutions AS (FRA:K41) ROCE % : 22.14% (As of Sep. 2024)

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What is Scandinavian Medical Solutions AS 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. Scandinavian Medical Solutions AS's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.14%.

Scandinavian Medical Solutions AS ROCE % Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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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Scandinavian Medical Solutions AS ROCE % Chart

Scandinavian Medical Solutions AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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152.42

76.45

33.29

21.22

16.20

Scandinavian Medical Solutions AS Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial					29.03	36.64	7.53	10.32	22.14

Scandinavian Medical Solutions AS ROCE % Calculation

Scandinavian Medical Solutions AS's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	2.052	/	( ( (21.986 - 9.631)	+	(23.352 - 10.372) )	/ 2 )
	=	2.052	/	( (12.355	+	12.98)	/ 2 )
	=	2.052	/	12.6675
	=	16.20 %

Scandinavian Medical Solutions AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	2.82	/	( ( (22.026 - 9.526)	+	(23.352 - 10.372) )	/ 2 )
	=	2.82	/	( ( 12.5	+	12.98 )	/ 2 )
	=	2.82	/	12.74
	=	22.14 %

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

Scandinavian Medical Solutions AS (FRA:K41) 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.

Scandinavian Medical Solutions AS ROCE % Related Terms

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Scandinavian Medical Solutions AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (FRA:K41) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SMSMED:Denmark

Address

Gasvaerksvej 46, 1st Floor Right, Aalborg, DNK, DK-9000

Website

https://www.scandinavian-medical.com

Scandinavian Medical Solutions AS is engaged in Rental solutions and buying and selling used medical equipment, along with related activities. The product portfolio includes MRI, CT, SPECT/CT, CATH lab, Ultrasound, and Others. It offers a flexible and economical alternative to high-cost OEM equipment, drawing on expertise as a fully independent dealer and service provider. Its Medical Solutions, focus on high-quality assurance is backed by references and partnerships with the industry OEMs. Specialized in cost-efficient imaging equipment solutions for hospitals, clinics, and distributors.

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