Dr Sulaiman Al Habib Medical Services Group (SAU:4013) ROCE % : 18.63% (As of Mar. 2024)

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What is Dr Sulaiman Al Habib Medical Services Group 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. Dr Sulaiman Al Habib Medical Services Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.63%.

Dr Sulaiman Al Habib Medical Services Group ROCE % Historical Data

The historical data trend for Dr Sulaiman Al Habib Medical Services Group'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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Dr Sulaiman Al Habib Medical Services Group ROCE % Chart

Dr Sulaiman Al Habib Medical Services Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

13.36

15.94

18.58

19.67

19.92

Dr Sulaiman Al Habib Medical Services Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.08	19.73	20.58	17.80	18.63

Dr Sulaiman Al Habib Medical Services Group ROCE % Calculation

Dr Sulaiman Al Habib Medical Services Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2240.094	/	( ( (12584.118 - 2590.311)	+	(15798.042 - 3299.161) )	/ 2 )
	=	2240.094	/	( (9993.807	+	12498.881)	/ 2 )
	=	2240.094	/	11246.344
	=	19.92 %

Dr Sulaiman Al Habib Medical Services Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2413.62	/	( ( (15798.042 - 3299.161)	+	(16848.732 - 3434.157) )	/ 2 )
	=	2413.62	/	( ( 12498.881	+	13414.575 )	/ 2 )
	=	2413.62	/	12956.728
	=	18.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Dr Sulaiman Al Habib Medical Services Group (SAU:4013) 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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Dr Sulaiman Al Habib Medical Services Group (SAU:4013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dr Sulaiman Al Habib Medical Services Group (SAU:4013) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, P.O. Box 301578, Al Olaya District, Riyadh, SAU, 11372

Website

https://www.hmg.com

Dr Sulaiman Al Habib Medical Services Group is a healthcare operator. The company is engaged in establishing, operating, and managing hospitals, general and specialized medical complexes, dispensaries, health care centers, diagnostics centers as well as radiology centers. It is also involved in import, wholesale and retail sales of medicines, medical products, cosmetics, and medical supplies and equipment. The company reports in three segments are Hospitals/ Healthcare Facilities, Pharmacies, and HMG Solutions / Others. The majority of the revenue is earned from the Hospitals/ Healthcare Facilities segment.

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