Medi Assist Healthcare Services (NSE:MEDIASSIST) ROCE % : 14.14% (As of Sep. 2023)

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What is Medi Assist Healthcare Services 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. Medi Assist Healthcare Services's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.14%.

Medi Assist Healthcare Services ROCE % Historical Data

The historical data trend for Medi Assist Healthcare Services'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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Medi Assist Healthcare Services ROCE % Chart

Medi Assist Healthcare Services Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

20.42

24.05

26.79

Medi Assist Healthcare Services Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	-	-	27.19	26.45	14.14

Medi Assist Healthcare Services ROCE % Calculation

Medi Assist Healthcare Services's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1065.34	/	( ( (6022.3 - 2342.03)	+	(7057.16 - 2785.36) )	/ 2 )
	=	1065.34	/	( (3680.27	+	4271.8)	/ 2 )
	=	1065.34	/	3976.035
	=	26.79 %

Medi Assist Healthcare Services's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	634.16	/	( ( (7057.16 - 2785.36)	+	(8026.19 - 3328.5) )	/ 2 )
	=	634.16	/	( ( 4271.8	+	4697.69 )	/ 2 )
	=	634.16	/	4484.745
	=	14.14 %

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

Medi Assist Healthcare Services (NSE:MEDIASSIST) 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.

Medi Assist Healthcare Services ROCE % Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » ROCE %

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Traded in Other Exchanges

544088:India

Address

Website

Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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