Smile-Link Healthcare Global Bhd (XKLS:03023) ROCE % : 9.10% (As of Jun. 2023)

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What is Smile-Link Healthcare Global Bhd 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. Smile-Link Healthcare Global Bhd's annualized ROCE % for the quarter that ended in Jun. 2023 was 9.10%.

Smile-Link Healthcare Global Bhd ROCE % Historical Data

The historical data trend for Smile-Link Healthcare Global Bhd'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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Smile-Link Healthcare Global Bhd ROCE % Chart

Smile-Link Healthcare Global Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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33.82

10.94

6.06

-3.59

6.78

Smile-Link Healthcare Global Bhd Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial							-0.09	-7.24	11.95	1.47	9.10

Smile-Link Healthcare Global Bhd ROCE % Calculation

Smile-Link Healthcare Global Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2.611	/	( ( (46.538 - 9.006)	+	(54.168 - 14.709) )	/ 2 )
	=	2.611	/	( (37.532	+	39.459)	/ 2 )
	=	2.611	/	38.4955
	=	6.78 %

Smile-Link Healthcare Global Bhd's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	3.522	/	( ( (54.168 - 14.709)	+	(51.14 - 13.183) )	/ 2 )
	=	3.522	/	( ( 39.459	+	37.957 )	/ 2 )
	=	3.522	/	38.708
	=	9.10 %

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

Smile-Link Healthcare Global Bhd (XKLS:03023) 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.

Smile-Link Healthcare Global Bhd ROCE % Related Terms

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Smile-Link Healthcare Global Bhd (XKLS:03023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Smile-Link Healthcare Global Bhd (XKLS:03023) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot PT 7221, Jalan Merah Caga, Taman Sri Endah, Bandar Baru Sri Petaling, Kuala Lumpur, MYS, 57000

Website

https://www.smile-link.com/

Smile-Link Healthcare Global Bhd is engaged in providing dental healthcare services in Malaysia.

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