Clarity Medical Group Holding (HKSE:01406) ROCE % : -18.11% (As of Sep. 2024)

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What is Clarity Medical Group Holding 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. Clarity Medical Group Holding's annualized ROCE % for the quarter that ended in Sep. 2024 was -18.11%.

Clarity Medical Group Holding ROCE % Historical Data

The historical data trend for Clarity Medical Group Holding'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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Clarity Medical Group Holding ROCE % Chart

Clarity Medical Group Holding Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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38.95

40.74

11.28

-0.50

-32.94

Clarity Medical Group Holding Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial					7.62	-8.31	-16.18	-50.59	-18.11

Clarity Medical Group Holding ROCE % Calculation

Clarity Medical Group Holding'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 )
	=	-79.872	/	( ( (327.259 - 40.199)	+	(236.163 - 38.333) )	/ 2 )
	=	-79.872	/	( (287.06	+	197.83)	/ 2 )
	=	-79.872	/	242.445
	=	-32.94 %

Clarity Medical Group Holding'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 )
	=	-34.068	/	( ( (236.163 - 38.333)	+	(218.514 - 40.05) )	/ 2 )
	=	-34.068	/	( ( 197.83	+	178.464 )	/ 2 )
	=	-34.068	/	188.147
	=	-18.11 %

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

Clarity Medical Group Holding (HKSE:01406) 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.

Clarity Medical Group Holding ROCE % Related Terms

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Clarity Medical Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Clarity Medical Group Holding Ltd (HKSE:01406) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG

Website

https://www.claritymedic.com

Clarity Medical Group Holding Ltd is committed to providing comprehensive and professional ophthalmic services for patients with various eye conditions. It operates two medical centers in Central and Mongkok. The medical centers are equipped with medical instruments and surgical equipment which allows performing various ophthalmic examinations, treatments, and surgeries for patients.

Executives

Tian Jin Zhong You Jian Kang Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Ying Tong Ke Ji Fa Zhan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
3w Partners Gp Limited	2201 Interest of corporation controlled by you
Chan Hoi Hin William	2501 Other
Goh Lu Hong	2501 Other
Clear Lead Ventures Limited	2101 Beneficial owner
3w Partners Holdings Limited	2201 Interest of corporation controlled by you
3w Partners Fund I L.p.	2201 Interest of corporation controlled by you
Global Vision Investment Lp	2201 Interest of corporation controlled by you
Innovative Vision Gp Ltd (formerly Known As Global Vision Gp Ltd)	2201 Interest of corporation controlled by you
Innovative Vision Inc	2101 Beneficial owner
Prime Sage International Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Ultimate Bliss Limited	2307 Founder of a discretionary trust who can infl
Tse Wai Ip	2307 Founder of a discretionary trust who can infl

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