MedNation AG (FRA:EIF) ROCE % : 3.45% (As of Jun. 2023)

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What is MedNation 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. MedNation AG's annualized ROCE % for the quarter that ended in Jun. 2023 was 3.45%.

MedNation AG ROCE % Historical Data

The historical data trend for MedNation 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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MedNation AG ROCE % Chart

MedNation AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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0.47

5.04

2.20

-1.78

1.98

MedNation AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-1.65	-2.10	3.44	0.46	3.45

MedNation AG ROCE % Calculation

MedNation AG's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.336	/	( ( (79.334 - 9.599)	+	(75.436 - 10.44) )	/ 2 )
	=	1.336	/	( (69.735	+	64.996)	/ 2 )
	=	1.336	/	67.3655
	=	1.98 %

MedNation AG's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	2.214	/	( ( (75.436 - 10.44)	+	(73.524 - 10.266) )	/ 2 )
	=	2.214	/	( ( 64.996	+	63.258 )	/ 2 )
	=	2.214	/	64.127
	=	3.45 %

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

MedNation AG (FRA:EIF) 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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MedNation AG (FRA:EIF) Business Description

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EIF:Germany

Address

Graurheindorfer Strabe 137, Bonn, NW, DEU, 53117

Website

https://www.mednation.de

MedNation AG operates rehabilitation hospitals. It has been operating facilities for rehabilitation, geriatric care and outpatient medical care at several locations for decades. The business purpose of MedNation AG also includes the development of independent outpatient centers as central, multidisciplinary medical centers to support freelance KV outpatient, specialist and medical-related care, especially in rural regions of Germany.

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