Modern Healthcare Technology Holdings (FRA:M3L) ROCE % : -23.09% (As of Sep. 2023)

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What is Modern Healthcare Technology Holdings 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. Modern Healthcare Technology Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -23.09%.

Modern Healthcare Technology Holdings ROCE % Historical Data

The historical data trend for Modern Healthcare Technology Holdings'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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Modern Healthcare Technology Holdings ROCE % Chart

Modern Healthcare Technology Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-5.18

-13.51

49.75

-23.60

-7.41

Modern Healthcare Technology Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-25.34	-20.79	35.13	-45.67	-23.09

Modern Healthcare Technology Holdings ROCE % Calculation

Modern Healthcare Technology Holdings'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 )
	=	-1.965	/	( ( (66.272 - 39.297)	+	(66.801 - 40.758) )	/ 2 )
	=	-1.965	/	( (26.975	+	26.043)	/ 2 )
	=	-1.965	/	26.509
	=	-7.41 %

Modern Healthcare Technology Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-6.28	/	( ( (66.801 - 40.758)	+	(75.493 - 47.131) )	/ 2 )
	=	-6.28	/	( ( 26.043	+	28.362 )	/ 2 )
	=	-6.28	/	27.2025
	=	-23.09 %

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

Modern Healthcare Technology Holdings (FRA:M3L) 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.

Modern Healthcare Technology Holdings ROCE % Related Terms

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Modern Healthcare Technology Holdings (FRA:M3L) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Modern Healthcare Technology Holdings Ltd (FRA:M3L) » Definitions » ROCE %

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00919:Hong Kong

Address

9 Kai Cheung Road, Workshops Nos. 66-68, 6th Floor, Sino Industrial Plaza, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.modernhealthcaretech.com

Modern Healthcare Technology Holdings Ltd is an investment holding company. The company's operating segment includes Beauty and wellness services and Skincare and wellness products. The company generates maximum revenue from Beauty and wellness services segment. The Beauty and Wellness Services segment of the company is engaged in the provision of beauty and wellness services which provides a wide range of health and beauty services, covering skin care, slimming, massage, spa, hair care, manicure, hair removal, makeup, joint care, and privacy care. Geographically, the company derives the maximum of its revenue from Hong Kong and has a presence in Singapore; China, and Australia.

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