Canadian Medical Center Co (SAU:9518) ROCE % : 17.79% (As of Dec. 2023)

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What is Canadian Medical Center Co 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. Canadian Medical Center Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.79%.

Canadian Medical Center Co ROCE % Historical Data

The historical data trend for Canadian Medical Center Co'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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Canadian Medical Center Co ROCE % Chart

Canadian Medical Center Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

16.92

16.45

18.40

18.60

Canadian Medical Center Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			19.66	18.42	18.41	19.06	17.79

Canadian Medical Center Co ROCE % Calculation

Canadian Medical Center Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	18.52	/	( ( (108.694 - 10.627)	+	(112.253 - 11.231) )	/ 2 )
	=	18.52	/	( (98.067	+	101.022)	/ 2 )
	=	18.52	/	99.5445
	=	18.60 %

Canadian Medical Center Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	18.02	/	( ( (110.39 - 8.881)	+	(112.253 - 11.231) )	/ 2 )
	=	18.02	/	( ( 101.509	+	101.022 )	/ 2 )
	=	18.02	/	101.2655
	=	17.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Canadian Medical Center Co (SAU:9518) 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.

Canadian Medical Center Co ROCE % Related Terms

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Canadian Medical Center Co (SAU:9518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Canadian Medical Center Co (SAU:9518) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khobar - Abqaiq, Dammam, SAU

Website

https://sa.canadian-mc.com

Canadian Medical Center Co is engaged in providing medical services. Activities of the company are management of hospitals and health centers and trade in hospital tools and equipment and ambulances. It has one sector which is the activity of medical services, and geographically only operates in the Kingdom of Saudi Arabia.

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