Life Healthcare Group Holdings (JSE:LHC) ROCE % : 5.52% (As of Sep. 2023)

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What is Life Healthcare Group Holdings 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. Life Healthcare Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.52%.

Life Healthcare Group Holdings ROCE % Historical Data

The historical data trend for Life Healthcare Group Holdings'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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Life Healthcare Group Holdings ROCE % Chart

Life Healthcare Group Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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14.58

6.82

9.19

7.50

7.21

Life Healthcare Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															10.37	8.61	7.70	8.50	5.52

Life Healthcare Group Holdings ROCE % Calculation

Life Healthcare Group Holdings's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	2489	/	( ( (42238 - 7649)	+	(45615 - 11198) )	/ 2 )
	=	2489	/	( (34589	+	34417)	/ 2 )
	=	2489	/	34503
	=	7.21 %

Life Healthcare Group Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	1956	/	( ( (44272 - 7789)	+	(45615 - 11198) )	/ 2 )
	=	1956	/	( ( 36483	+	34417 )	/ 2 )
	=	1956	/	35450
	=	5.52 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Life Healthcare Group Holdings (JSE:LHC) 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.

Life Healthcare Group Holdings ROCE % Related Terms

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Life Healthcare Group Holdings (JSE:LHC) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Life Healthcare Group Holdings Ltd (JSE:LHC) » Definitions » ROCE %

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LTGHY:USA L53:Germany

Address

203 Oxford Road, Building 2, Oxford Parks, Corner Eastwood and Oxford Roads, Dunkeld, Johannesburg, GT, ZAF, 2196

Website

https://www.lifehealthcare.co.za

Life Healthcare Group Holdings Ltd is an international and diversified healthcare organization based in South Africa. The firm's segments include hospitals and complementary services, healthcare services, and Radiopharmaceutical products. The hospitals and complementary services segment generates majority of the revenue. Its services include mental healthcare, acute rehabilitation, renal dialysis, and oncology. The smaller growth initiatives segment focuses on clinical quality products, and outpatient business in South Africa.

Life Healthcare Group Holdings (JSE:LHC) Headlines

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