Meta Health (SGX:5DX) ROCE % : -72.95% (As of Dec. 2023)

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What is Meta Health 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. Meta Health's annualized ROCE % for the quarter that ended in Dec. 2023 was -72.95%.

Meta Health ROCE % Historical Data

The historical data trend for Meta Health'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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Meta Health ROCE % Chart

Meta Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.04

-7.17

8.16

-47.30

-63.50

Meta Health Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.76	-21.71	-53.99	-56.57	-72.95

Meta Health ROCE % Calculation

Meta Health'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 )
	=	-3.036	/	( ( (22.225 - 13.69)	+	(7.974 - 6.947) )	/ 2 )
	=	-3.036	/	( (8.535	+	1.027)	/ 2 )
	=	-3.036	/	4.781
	=	-63.50 %

Meta Health'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 )
	=	-2.224	/	( ( (19.994 - 14.924)	+	(7.974 - 6.947) )	/ 2 )
	=	-2.224	/	( ( 5.07	+	1.027 )	/ 2 )
	=	-2.224	/	3.0485
	=	-72.95 %

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

Meta Health (SGX:5DX) 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.

Meta Health ROCE % Related Terms

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Meta Health (SGX:5DX) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meta Health Ltd (SGX:5DX) » Definitions » ROCE %

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Address

1 Lorong 2 Toa Payoh, Number 02-02, Braddell House, Singapore, SGP, 319637

Website

https://www.metahealth.sg

Meta Health Ltd is a Singapore-based company. Its activities of the company consist of investment holding and metal stamping and manufacturing of tools and fixtures. It has two operating segments Metal and Healthcare. The geographic segments of the company are Singapore, Thailand, Malaysia, and China. of which the China segment generates the majority of its revenue.

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