Chennai Meenakshi Multispeciality Hospital (BOM:523489) ROCE % : 4.13% (As of Dec. 2023)

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What is Chennai Meenakshi Multispeciality 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. Chennai Meenakshi Multispeciality Hospital's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.13%.

Chennai Meenakshi Multispeciality Hospital ROCE % Historical Data

The historical data trend for Chennai Meenakshi Multispeciality 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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Chennai Meenakshi Multispeciality Hospital ROCE % Chart

Chennai Meenakshi Multispeciality Hospital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.16

20.48

-3.44

52.63

18.13

Chennai Meenakshi Multispeciality Hospital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.82	24.59	8.24	9.72	4.13

Chennai Meenakshi Multispeciality Hospital ROCE % Calculation

Chennai Meenakshi Multispeciality Hospital's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	20.257	/	( ( (213.872 - 107.289)	+	(224.928 - 108.087) )	/ 2 )
	=	20.257	/	( (106.583	+	116.841)	/ 2 )
	=	20.257	/	111.712
	=	18.13 %

Chennai Meenakshi Multispeciality Hospital'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4.848	/	( ( (225.434 - 107.945)	+	(0 - 0) )	/ 1 )
	=	4.848	/	( ( 117.489	+	0 )	/ 1 )
	=	4.848	/	117.489
	=	4.13 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Chennai Meenakshi Multispeciality Hospital (BOM:523489) 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.

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Chennai Meenakshi Multispeciality Hospital (BOM:523489) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Chennai Meenakshi Multispeciality Hospital Ltd (BOM:523489) » Definitions » ROCE %

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Address

Luz Church Road, New No. 70, Old No. 149, Mylapore, Chennai, TN, IND, 600004

Website

https://cmmh.in

Chennai Meenakshi Multispeciality Hospital Ltd is an India-based company engaged in hospital activities. It provides healthcare and pharmacy services. The hospital offers facilities like outpatient services, operation theatre, dialysis center, diagnostic services, and other facilities. It consists of departments like Cardiology Department, Casualty Department, Diagnostic Services, Intensive Care Unit, Nephrology Department, Physiotherapy Department, and others. The majority of the revenue is derived from providing inpatient and outpatient facilities.

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