Perfect Medical Health Management (HKSE:01830) ROCE % : 57.45% (As of Sep. 2023)

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What is Perfect Medical Health Management 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. Perfect Medical Health Management's annualized ROCE % for the quarter that ended in Sep. 2023 was 57.45%.

Perfect Medical Health Management ROCE % Historical Data

The historical data trend for Perfect Medical Health Management'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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Perfect Medical Health Management ROCE % Chart

Perfect Medical Health Management Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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74.18

61.39

40.43

46.96

52.68

Perfect Medical Health Management 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															53.57	24.95	47.55	54.21	57.45

Perfect Medical Health Management ROCE % Calculation

Perfect Medical Health Management'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 )
	=	403.979	/	( ( (1281.199 - 522.898)	+	(1296.294 - 520.786) )	/ 2 )
	=	403.979	/	( (758.301	+	775.508)	/ 2 )
	=	403.979	/	766.9045
	=	52.68 %

Perfect Medical Health Management'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 )
	=	418.944	/	( ( (1296.294 - 520.786)	+	(1239.699 - 556.807) )	/ 2 )
	=	418.944	/	( ( 775.508	+	682.892 )	/ 2 )
	=	418.944	/	729.2
	=	57.45 %

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

Perfect Medical Health Management (HKSE:01830) 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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Perfect Medical Health Management (HKSE:01830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Perfect Medical Health Management Ltd (HKSE:01830) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

8 Argyle Street, 51th Floor, Langham Place Office Tower, Mong Kok, Kowloon, Hong Kong, HKG

Website

https://www.perfectmedical.com

Perfect Medical Health Management Ltd is an investment holding company. Through its subsidiaries, it is engaged in the provision of healthcare and medical beauty services. It offers services such as Drakspots removal, Eye Rejuvenation, Anti-Aging, Body Sculpting, and others. Its geographical segments are Regions outside Hong Kong and Hong Kong, of which Hong Kong accounts for the majority of its revenue.

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