Medical Data Vision Co (TSE:3902) ROCE % : 61.90% (As of Dec. 2023)

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What is Medical Data Vision Co 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. Medical Data Vision Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 61.90%.

Medical Data Vision Co ROCE % Historical Data

The historical data trend for Medical Data Vision Co'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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Medical Data Vision Co ROCE % Chart

Medical Data Vision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.74

27.57

37.45

44.05

43.69

Medical Data Vision Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															64.94	45.56	30.91	39.07	61.90

Medical Data Vision Co ROCE % Calculation

Medical Data Vision Co'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 )
	=	1770.921	/	( ( (4897.377 - 1206.791)	+	(6221.216 - 1805.513) )	/ 2 )
	=	1770.921	/	( (3690.586	+	4415.703)	/ 2 )
	=	1770.921	/	4053.1445
	=	43.69 %

Medical Data Vision Co'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 )
	=	2638.592	/	( ( (5571.666 - 1462.37)	+	(6221.216 - 1805.513) )	/ 2 )
	=	2638.592	/	( ( 4109.296	+	4415.703 )	/ 2 )
	=	2638.592	/	4262.4995
	=	61.90 %

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

Medical Data Vision Co (TSE:3902) 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.

Medical Data Vision Co ROCE % Related Terms

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Medical Data Vision Co (TSE:3902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Data Vision Co Ltd (TSE:3902) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

7, Kandamitoshirocho, Chiyoda-ku, Tokyo, JPN, 101-0053

Website

https://www.mdv.co.jp

Medical Data Vision Co Ltd provides health information services. The company is engaged in Development, production, sales, Maintenance work of medical information integration system, Analysis, survey and consulting of various medical data, Planning, design, development, and operation of the portal site. Its products include Calteco that allows patients to store and view a part of clinical information themselves and CADA payment service such as medical expenses postpay service that patients can freely set payment terms. Medical Code is a system that utilizes standard format data such as hospitalized outpatient EF and electronic reception data in DPC format to support solving various management problems and other related products.

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