Aoxin Q & M Dental Group (SGX:1D4) ROCE % : -26.98% (As of Dec. 2023)

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What is Aoxin Q & M Dental 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. Aoxin Q & M Dental Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.98%.

Aoxin Q & M Dental Group ROCE % Historical Data

The historical data trend for Aoxin Q & M Dental 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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Aoxin Q & M Dental Group ROCE % Chart

Aoxin Q & M Dental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.08

-3.25

-1.13

-18.11

-13.37

Aoxin Q & M Dental Group Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial														0.50	-1.30	-35.84	-0.12	-26.98

Aoxin Q & M Dental Group ROCE % Calculation

Aoxin Q & M Dental 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 )
	=	-7.899	/	( ( (71.715 - 6.787)	+	(59.06 - 5.818) )	/ 2 )
	=	-7.899	/	( (64.928	+	53.242)	/ 2 )
	=	-7.899	/	59.085
	=	-13.37 %

Aoxin Q & M Dental Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-15.72	/	( ( (69.375 - 6.094)	+	(59.06 - 5.818) )	/ 2 )
	=	-15.72	/	( ( 63.281	+	53.242 )	/ 2 )
	=	-15.72	/	58.2615
	=	-26.98 %

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

Aoxin Q & M Dental Group (SGX:1D4) 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.

Aoxin Q & M Dental Group ROCE % Related Terms

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Aoxin Q & M Dental Group (SGX:1D4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aoxin Q & M Dental Group Ltd (SGX:1D4) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

80 Robinson Road, No. 02-00, Singapore, SGP, 068898

Website

https://www.aoxinqm.com.sg

Aoxin Q & M Dental Group Ltd is a dental service provider. The company provides private dental services and dental equipment and supplies in the Liaoning Province, Northern PRC. Its services include Stomatology and general dentistry; Endodontics; Orthodontics, Periodontics, and Many more. The segments and the types of products and services are Primary Healthcare comprising Dentistry services, Distribution of Dental Equipment and Supplies, which includes the distribution of equipment and supplies used in the provision of dental services and Laboratory Services comprising the manufacturing of porcelain crown, bridges, and dentures.

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