QMS Medical Allied Services (NSE:QMSMEDI) ROCE % : 21.62% (As of Dec. 2023)

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What is QMS Medical Allied Services 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. QMS Medical Allied Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.62%.

QMS Medical Allied Services ROCE % Historical Data

The historical data trend for QMS Medical Allied Services'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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QMS Medical Allied Services ROCE % Chart

QMS Medical Allied Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

98.39

105.18

60.63

20.27

QMS Medical Allied Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					-	14.91	21.69	21.88	21.62

QMS Medical Allied Services ROCE % Calculation

QMS Medical Allied Services'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 )
	=	107.034	/	( ( (824.855 - 492.197)	+	(1177.378 - 453.951) )	/ 2 )
	=	107.034	/	( (332.658	+	723.427)	/ 2 )
	=	107.034	/	528.0425
	=	20.27 %

QMS Medical Allied Services'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 )
	=	164.236	/	( ( (1176.742 - 417.141)	+	(0 - 0) )	/ 1 )
	=	164.236	/	( ( 759.601	+	0 )	/ 1 )
	=	164.236	/	759.601
	=	21.62 %

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

QMS Medical Allied Services (NSE:QMSMEDI) 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.

QMS Medical Allied Services ROCE % Related Terms

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QMS Medical Allied Services (NSE:QMSMEDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » QMS Medical Allied Services Ltd (NSE:QMSMEDI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prabhat Colony, Road No. 3, 1A-B/2A-B, Navkala Bharti Building, Plot No. 16, Near Santacruz Bus Depot, Santacruz (East), Mumbai, MH, IND, 400055

Website

https://qmsmas.com

QMS Medical Allied Services Ltd is engaged in the marketing and distribution of a wide range of medical products as well as medical education services. The company's products are sold under brand name "QDevices" and also manage the distribution for other brands such as 3M, Heine, Rossmax and others. It offers medical products such as Blood Pressure Monitors, Glucose Monitoring Kits and strips, Dental Products, Personal protection kits eg-PPE kits, Infection prevention, Stethoscope and Oxygen Concentrator.

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