Bangkok Chain Hospital (BKK:BCH) ROCE % : 16.72% (As of Dec. 2023)

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What is Bangkok Chain Hospital 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. Bangkok Chain Hospital's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.72%.

Bangkok Chain Hospital ROCE % Historical Data

The historical data trend for Bangkok Chain Hospital'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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Bangkok Chain Hospital ROCE % Chart

Bangkok Chain Hospital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.03

16.12

64.67

24.13

12.97

Bangkok Chain Hospital 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															10.18	9.15	10.50	17.79	16.72

Bangkok Chain Hospital ROCE % Calculation

Bangkok Chain Hospital'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 )
	=	1978.769	/	( ( (19796.459 - 3510.193)	+	(17730.69 - 3505.251) )	/ 2 )
	=	1978.769	/	( (16286.266	+	14225.439)	/ 2 )
	=	1978.769	/	15255.8525
	=	12.97 %

Bangkok Chain Hospital'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 )
	=	2346.816	/	( ( (17267.992 - 3420.996)	+	(17730.69 - 3505.251) )	/ 2 )
	=	2346.816	/	( ( 13846.996	+	14225.439 )	/ 2 )
	=	2346.816	/	14036.2175
	=	16.72 %

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

Bangkok Chain Hospital (BKK:BCH) 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.

Bangkok Chain Hospital ROCE % Related Terms

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Bangkok Chain Hospital (BKK:BCH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Bangkok Chain Hospital PLC (BKK:BCH) » Definitions » ROCE %

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BCH-F:Thailand

Address

44 Moo 4, Chaengwattana Road, Pakkred, Nonthaburi, THA, 11120

Website

https://www.bangkokchainhospital.com

Bangkok Chain Hospital PLC is engaged in operating private hospitals, nursing businesses to provide medical treatment to patients with a total of 15 chained hospitals in Bangkok vicinity, Chiang Rai, Saraburi, Nonthaburi, Pathumthani, Ayudhaya, Chachoengsao, Prachinburi, Sa Kaeo Province, and Lao People's Democratic Republic as well as selling healthy drinks, providing medical analysis and research services in operation rooms, and providing assets management services relevant to the hospital and property for rent. Its geographical segments are the Kingdom of Thailand and the Lao People's Democratic Republic.