Clinica Baviera (LTS:0GWJ) ROCE % : 39.24% (As of Dec. 2023)

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What is Clinica Baviera 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. Clinica Baviera's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.24%.

Clinica Baviera ROCE % Historical Data

The historical data trend for Clinica Baviera'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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Clinica Baviera ROCE % Chart

Clinica Baviera Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.04

25.51

42.20

39.71

41.43

Clinica Baviera Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															23.73	28.63	-	22.21	39.24

Clinica Baviera ROCE % Calculation

Clinica Baviera's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	50.225	/	( ( (150.104 - 41.039)	+	(178.642 - 45.266) )	/ 2 )
	=	50.225	/	( (109.065	+	133.376)	/ 2 )
	=	50.225	/	121.2205
	=	41.43 %

Clinica Baviera'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 )
	=	53.616	/	( ( (175.16 - 35.246)	+	(178.642 - 45.266) )	/ 2 )
	=	53.616	/	( ( 139.914	+	133.376 )	/ 2 )
	=	53.616	/	136.645
	=	39.24 %

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

Clinica Baviera (LTS:0GWJ) 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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Clinica Baviera (LTS:0GWJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Clinica Baviera SA (LTS:0GWJ) » Definitions » ROCE %

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CBAV:Spain D9Z:Germany

Address

Paseo de la Castellana 20, Madrid, ESP, 28046

Website

http://www.clinicabaviera.com

Clinica Baviera SA operates ophthalmological clinics. It is involved in the diagnosis, treatment, and monitoring of various types of ophthalmological disorders. It offers diagnosis and treatment for various eye problems such as long-sightedness, short-sightedness, astigmatism, cataracts and eye strain.

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