DocCheck AG (XTER:AJ91) ROCE % : 13.58% (As of Jun. 2024)

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What is DocCheck AG 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. DocCheck AG's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.58%.

DocCheck AG ROCE % Historical Data

The historical data trend for DocCheck AG'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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DocCheck AG ROCE % Chart

DocCheck AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.63

49.48

45.29

23.24

10.12

DocCheck AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															20.24	28.22	11.15	9.30	13.58

DocCheck AG ROCE % Calculation

DocCheck AG'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 )
	=	4.509	/	( ( (60.12 - 14.168)	+	(56.139 - 12.987) )	/ 2 )
	=	4.509	/	( (45.952	+	43.152)	/ 2 )
	=	4.509	/	44.552
	=	10.12 %

DocCheck AG'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	5.794	/	( ( (56.139 - 12.987)	+	(55.724 - 13.554) )	/ 2 )
	=	5.794	/	( ( 43.152	+	42.17 )	/ 2 )
	=	5.794	/	42.661
	=	13.58 %

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

DocCheck AG (XTER:AJ91) 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.

DocCheck AG ROCE % Related Terms

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DocCheck AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » DocCheck AG (XTER:AJ91) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AJ91:Germany AJ91:Germany

Address

Doccheck AG, Vogelsanger Strac E 66, Koln, DEU, 50823

Website

http://www.doccheck.ag/investor

DocCheck AG is a Germany-based company engaged in the healthcare sector. It operates through subsidiaries: antwerpes AG develops integrated communication concepts for the healthcare sector, including social media and digital communication with focus on e-marketing concepts, search engine optimization (SEO), search engine advertising (SEA) and search engine marketing (SEM); DocCheck Medical Services GmbH operates an online platform for healthcare professionals, such as physicians and pharmacists; DocCheck Medizinbedarf und Logistik GmbH wholesales medical products from third parties and also produces own medical products, and DocCheck Guano AG is a venture capital company with focus on e-health companies and promotes healthcare startups.

Executives

Dr. Frank Antwerpes

Board of Directors

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