Lotus Eye Hospital & Institute (BOM:532998) ROCE % : 6.32% (As of Dec. 2023)

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What is Lotus Eye Hospital & Institute 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. Lotus Eye Hospital & Institute's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.32%.

Lotus Eye Hospital & Institute ROCE % Historical Data

The historical data trend for Lotus Eye Hospital & Institute'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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Lotus Eye Hospital & Institute ROCE % Chart

Lotus Eye Hospital & Institute Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.33

2.93

3.88

7.73

10.10

Lotus Eye Hospital & Institute 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															11.60	6.69	13.39	8.10	6.32

Lotus Eye Hospital & Institute ROCE % Calculation

Lotus Eye Hospital & Institute'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 )
	=	57.497	/	( ( (615.968 - 57.566)	+	(631.88 - 51.916) )	/ 2 )
	=	57.497	/	( (558.402	+	579.964)	/ 2 )
	=	57.497	/	569.183
	=	10.10 %

Lotus Eye Hospital & Institute'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 )
	=	37.38	/	( ( (668.142 - 76.737)	+	(0 - 0) )	/ 1 )
	=	37.38	/	( ( 591.405	+	0 )	/ 1 )
	=	37.38	/	591.405
	=	6.32 %

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

Lotus Eye Hospital & Institute (BOM:532998) 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.

Lotus Eye Hospital & Institute ROCE % Related Terms

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Lotus Eye Hospital & Institute (BOM:532998) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lotus Eye Hospital & Institute Ltd (BOM:532998) » Definitions » ROCE %

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LOTUSEYE:India

Address

SF No. 770/12, Avinashi Road, Civil Aerodrome Post, Coimbatore, TN, IND, 641 014

Website

https://www.lotuseye.org

Lotus Eye Hospital & Institute Ltd is an India-based eye care hospital. It is engaged in providing treatment and care for eye diseases and disorders. It offers treatment services for eye conditions like refractive error, retina and uvea, cornea, glaucoma, pediatric, orbit and oculoplasty, neuro-ophthalmology, and binocular vision. In addition, the company also operates an eye bank for functioning eye donation activities. The company mainly operates in India and generates revenue by providing medical services, pharmacy sales, and contact lens, and optical, of which the majority of the revenue is derived from providing segmmedical services.

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