GHP Specialty Care AB (CHIX:GHPS) ROCE % : 11.45% (As of Mar. 2022)

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What is GHP Specialty Care AB 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. GHP Specialty Care AB's annualized ROCE % for the quarter that ended in Mar. 2022 was 11.45%.

GHP Specialty Care AB ROCE % Historical Data

The historical data trend for GHP Specialty Care AB'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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GHP Specialty Care AB ROCE % Chart

GHP Specialty Care AB Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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3.00

10.88

10.24

13.73

10.44

GHP Specialty Care AB Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
ROCE %	Get a 7-Day Free Trial															17.35	10.86	2.01	12.25	11.45

GHP Specialty Care AB ROCE % Calculation

GHP Specialty Care AB's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	86.4	/	( ( (1162.5 - 385.7)	+	(1222.5 - 344.2) )	/ 2 )
	=	86.4	/	( (776.8	+	878.3)	/ 2 )
	=	86.4	/	827.55
	=	10.44 %

GHP Specialty Care AB's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	102.8	/	( ( (1222.5 - 344.2)	+	(1280.5 - 363.4) )	/ 2 )
	=	102.8	/	( ( 878.3	+	917.1 )	/ 2 )
	=	102.8	/	897.7
	=	11.45 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

GHP Specialty Care AB (CHIX:GHPs) 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.

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GHP Specialty Care AB (CHIX:GHPS) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » GHP Specialty Care AB (CHIX:GHPs) » Definitions » ROCE %

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Address

Södra Hamngatan 45, Gothenburg, SWE, 411 06

Website

http://www.ghp.se

GHP Specialty Care AB is a player in the healthcare sector. It is a Swedish health care provider that operates specialist clinics, primarily in the Nordic countries. GHP's clinics address various medical areas such as diabetes care, neurology, general surgery, sports medicine and arrhythmia. GHP has two segments, the Nordic Region and International. The company generates majority of its revenue from the Nordic Region. The Nordic Region business area conducts business within specialist care, such as spine surgery/spine care, orthopaedics, obesity surgery and diabetes care, gastroenterology, urology, general surgery, arrhythmia, sports medicine, plastic surgery, neurology and specialist dentistry via over 20 clinics.

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