Miral Dental Clinics Co (SAU:9604) ROCE % : 25.76% (As of Jun. 2024)

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What is Miral Dental Clinics 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. Miral Dental Clinics Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 25.76%.

Miral Dental Clinics Co ROCE % Historical Data

The historical data trend for Miral Dental Clinics 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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Miral Dental Clinics Co ROCE % Chart

Miral Dental Clinics Co Annual Data

Trend

ROCE %

Miral Dental Clinics Co Semi-Annual Data
	Jun23	Jun24
ROCE %	-	25.76

Miral Dental Clinics Co ROCE % Calculation

Miral Dental Clinics Co's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Miral Dental Clinics Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	14.698	/	( ( (0 - 0)	+	(69.145 - 12.095) )	/ 1 )
	=	14.698	/	( ( 0	+	57.05 )	/ 1 )
	=	14.698	/	57.05
	=	25.76 %

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

Miral Dental Clinics Co (SAU:9604) 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.

Miral Dental Clinics Co ROCE % Related Terms

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Miral Dental Clinics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Miral Dental Clinics Co (SAU:9604) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Prince Muhammad bin Abdulaziz Road, Riyadh, SAU, 11527

Website

https://www.miraldental.com

Miral Dental Clinics Co is a company whose main activities include dental centers, dental clinics, specialized medical complexes, and medical clinics.

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