Thai Nakarin Hospital PCL (BKK:TNH) ROCE % : 21.66% (As of Oct. 2023)

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What is Thai Nakarin Hospital PCL 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. Thai Nakarin Hospital PCL's annualized ROCE % for the quarter that ended in Oct. 2023 was 21.66%.

Thai Nakarin Hospital PCL ROCE % Historical Data

The historical data trend for Thai Nakarin Hospital PCL'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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Thai Nakarin Hospital PCL ROCE % Chart

Thai Nakarin Hospital PCL Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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20.74

14.78

15.86

21.59

15.61

Thai Nakarin Hospital PCL Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
ROCE %	Get a 7-Day Free Trial															13.69	14.93	14.00	19.42	21.66

Thai Nakarin Hospital PCL ROCE % Calculation

Thai Nakarin Hospital PCL's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	424.023	/	( ( (2969.685 - 374.775)	+	(3181.146 - 342.139) )	/ 2 )
	=	424.023	/	( (2594.91	+	2839.007)	/ 2 )
	=	424.023	/	2716.9585
	=	15.61 %

Thai Nakarin Hospital PCL's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Jul. 2023 )		(Q: Oct. 2023 )
	=	629.512	/	( ( (3181.146 - 342.139)	+	(3362.476 - 389.314) )	/ 2 )
	=	629.512	/	( ( 2839.007	+	2973.162 )	/ 2 )
	=	629.512	/	2906.0845
	=	21.66 %

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

Thai Nakarin Hospital PCL (BKK:TNH) 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.

Thai Nakarin Hospital PCL ROCE % Related Terms

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Thai Nakarin Hospital PCL (BKK:TNH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Thai Nakarin Hospital PCL (BKK:TNH) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 345 Debaratna Road, km.3.5 Bangna Nuea, Bangna, Bangkok, THA, 10260

Website

https://www.thainakarin.co.th

Thai Nakarin Hospital PCL is engaged in operating hospital in Thailand. It provides inpatient and outpatient services, and medical services. The company's operating units consists of an emergency department, X-ray unit, pharmacy department, physical therapy department, laboratory department and others.