Alliance Healthcare Group (SGX:MIJ) ROCE % : 7.52% (As of Dec. 2023)

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What is Alliance Healthcare 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. Alliance Healthcare Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.52%.

Alliance Healthcare Group ROCE % Historical Data

The historical data trend for Alliance Healthcare 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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Alliance Healthcare Group ROCE % Chart

Alliance Healthcare Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.08

14.03

9.75

18.24

8.17

Alliance Healthcare Group Semi-Annual Data
	Jun16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									20.76	15.56	12.71	4.08	7.52

Alliance Healthcare Group ROCE % Calculation

Alliance Healthcare Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	2.576	/	( ( (51.63 - 22.051)	+	(64.948 - 31.463) )	/ 2 )
	=	2.576	/	( (29.579	+	33.485)	/ 2 )
	=	2.576	/	31.532
	=	8.17 %

Alliance Healthcare 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 )
	=	2.628	/	( ( (64.948 - 31.463)	+	(73.767 - 37.375) )	/ 2 )
	=	2.628	/	( ( 33.485	+	36.392 )	/ 2 )
	=	2.628	/	34.9385
	=	7.52 %

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

Alliance Healthcare Group (SGX:MIJ) 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.

Alliance Healthcare Group ROCE % Related Terms

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Alliance Healthcare Group (SGX:MIJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alliance Healthcare Group Ltd (SGX:MIJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Bukit Batok Crescent, No.07-12 The Elitist, Singapore, SGP, 658066

Website

https://www.alliancehealthcare.com.sg

Alliance Healthcare Group Ltd is an investment holding company. The segments of the company involve General Practitioner ("GP") clinic services, Specialist care services, Pharmaceutical services, Managed healthcare solutions; and Mobile and digital health services. It generates maximum revenue from the GP clinic services segment. The GP clinic services segment is in the business of the provision of primary healthcare medical services by general practitioners. Geographically, it derives a majority of revenue from Singapore and also has a presence in Europe and the Asia Pacific Region.

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