MediNet Group (HKSE:08161) ROCE % : 0.00% (As of Sep. 2024)

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What is MediNet Group 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. MediNet Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

MediNet Group ROCE % Historical Data

The historical data trend for MediNet Group'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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MediNet Group ROCE % Chart

MediNet Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-26.87

11.70

-13.15

-86.06

-68.45

MediNet Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-526.41	-22.81	-38.44	-	-

MediNet Group ROCE % Calculation

MediNet Group'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 )
	=	-7.339	/	( ( (42.875 - 27.686)	+	(42.026 - 35.771) )	/ 2 )
	=	-7.339	/	( (15.189	+	6.255)	/ 2 )
	=	-7.339	/	10.722
	=	-68.45 %

MediNet Group'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 )
	=	0	/	( ( (42.026 - 35.771)	+	(44.667 - 37.595) )	/ 2 )
	=	0	/	( ( 6.255	+	7.072 )	/ 2 )
	=	0	/	6.6635
	=	0.00 %

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

MediNet Group (HKSE:08161) 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.

MediNet Group ROCE % Related Terms

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MediNet Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MediNet Group Ltd (HKSE:08161) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Whitfield Road, Causeway Bay, Unit 3601, 36th Floor, Citicorp Centre, Hong Kong, HKG

Website

http://www.medinetgroup.com

MediNet Group Ltd is a provider of corporate healthcare solutions in Hong Kong. The company's operating segment includes the Dental business and Medical business. The Dental segment offers dental solutions and dental services by dental clinics owned and operated by the group. Its Medical segment provides outpatient general services and men's health treatment services. It offers services to both plan members and self-paid patients.

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