Kovai Medical Center & Hospital (BOM:523323) ROCE % : 23.93% (As of Mar. 2024)

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What is Kovai Medical Center & Hospital 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. Kovai Medical Center & Hospital's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.93%.

Kovai Medical Center & Hospital ROCE % Historical Data

The historical data trend for Kovai Medical Center & Hospital'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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Kovai Medical Center & Hospital ROCE % Chart

Kovai Medical Center & Hospital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.58

12.72

15.84

16.04

21.72

Kovai Medical Center & Hospital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.11	16.61	22.10	25.82	23.93

Kovai Medical Center & Hospital ROCE % Calculation

Kovai Medical Center & Hospital'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 )
	=	2705.006	/	( ( (14420.511 - 1850.901)	+	(14382.34 - 2045.409) )	/ 2 )
	=	2705.006	/	( (12569.61	+	12336.931)	/ 2 )
	=	2705.006	/	12453.2705
	=	21.72 %

Kovai Medical Center & Hospital's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2951.764	/	( ( (0 - 0)	+	(14382.34 - 2045.409) )	/ 1 )
	=	2951.764	/	( ( 0	+	12336.931 )	/ 1 )
	=	2951.764	/	12336.931
	=	23.93 %

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

Kovai Medical Center & Hospital (BOM:523323) 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.

Kovai Medical Center & Hospital ROCE % Related Terms

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Kovai Medical Center & Hospital (BOM:523323) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kovai Medical Center & Hospital Ltd (BOM:523323) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99, Avanashi Road, Post Box No. 3209, Coimbatore, TN, IND, 641 014

Website

https://www.kmchhospitals.com

Kovai Medical Center & Hospital Ltd provides hospital services to inpatients and outpatients. The company's operating segments include Healthcare Services and Education Services. It generates maximum revenue from the Healthcare segment. The company operates various medical facilities, which provide services related to critical care medicine, dermatology, emergency, Endocrinology and Diabetology, fertility and reproductive medicine, gastroenterology, neonatology, nephrology, neurology, obstetrics and gynecology, pediatric surgery, pulmonology, psychological medicine, and rheumatology, as well as health check programs and pediatrics.

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