The hematocrit, also known as the packed cell volume (PCV), measures the percentage of red blood cells in a blood sample. It is determined by centrifuging a blood sample in a glass tube to separate the components. The red blood cells pack tightly at the bottom, while the plasma rises to the top, leaving a thin white blood cell layer between them. After centrifugation, the hematocrit is read as the percentage of the total volume occupied by the packed red blood cells. It provides an accurate estimate of the red blood cell mass and can indicate if a patient is anemic, normal, or has too many red blood cells.