Sharma East India Hospitals & Medical Research (BOM:524548) ROCE % : 16.94% (As of Dec. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Sharma East India Hospitals & Medical Research 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. Sharma East India Hospitals & Medical Research's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.94%.

Sharma East India Hospitals & Medical Research ROCE % Historical Data

The historical data trend for Sharma East India Hospitals & Medical Research'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.

* Premium members only.

Sharma East India Hospitals & Medical Research ROCE % Chart

Sharma East India Hospitals & Medical Research Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

13.06

15.65

14.41

13.33

16.19

Sharma East India Hospitals & Medical Research Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														18.19	15.50	15.61	12.64	16.94

Sharma East India Hospitals & Medical Research ROCE % Calculation

Sharma East India Hospitals & Medical Research'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 )
	=	19.112	/	( ( (190.589 - 78.747)	+	(237.104 - 112.781) )	/ 2 )
	=	19.112	/	( (111.842	+	124.323)	/ 2 )
	=	19.112	/	118.0825
	=	16.19 %

Sharma East India Hospitals & Medical Research'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 )
	=	21.632	/	( ( (268.047 - 140.375)	+	(0 - 0) )	/ 1 )
	=	21.632	/	( ( 127.672	+	0 )	/ 1 )
	=	21.632	/	127.672
	=	16.94 %

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

Sharma East India Hospitals & Medical Research (BOM:524548) 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.

Sharma East India Hospitals & Medical Research ROCE % Related Terms

Thank you for viewing the detailed overview of Sharma East India Hospitals & Medical Research's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sharma East India Hospitals & Medical Research (BOM:524548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sharma East India Hospitals & Medical Research Ltd (BOM:524548) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tonk Road, Jaipur Hospital, Lal Kothi, Near S.M.S. Stadium, Jaipur, RJ, IND, 302015

Website

https://www.jaipurhospital.co.in

Sharma East India Hospitals & Medical Research Ltd is engaged in service activities related to the medical and health sciences. It provides healthcare services through the multi-specialty hospital in the name of Jaipur Hospital in Rajasthan. It provides services like joint replacement surgery, arthroscopy, cardiothoracic and vascular surgery, interventional cardiology like angiography and angioplasty, neurosurgery, and others.

Sharma East India Hospitals & Medical Research (BOM:524548) Headlines

No Headlines