Aster DM Healthcare (BOM:540975) ROCE % : 12.85% (As of Dec. 2023)

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What is Aster DM Healthcare 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. Aster DM Healthcare's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.85%.

Aster DM Healthcare ROCE % Historical Data

The historical data trend for Aster DM Healthcare'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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Aster DM Healthcare ROCE % Chart

Aster DM Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.87

8.60

5.79

10.25

9.00

Aster DM Healthcare 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															11.05	11.80	6.73	3.75	12.85

Aster DM Healthcare ROCE % Calculation

Aster DM Healthcare'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 )
	=	8643	/	( ( (125462.4 - 35585.8)	+	(148812 - 46552.8) )	/ 2 )
	=	8643	/	( (89876.6	+	102259.2)	/ 2 )
	=	8643	/	96067.9
	=	9.00 %

Aster DM Healthcare'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 )
	=	13284	/	( ( (157083.5 - 53721)	+	(0 - 0) )	/ 1 )
	=	13284	/	( ( 103362.5	+	0 )	/ 1 )
	=	13284	/	103362.5
	=	12.85 %

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

Aster DM Healthcare (BOM:540975) 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.

Aster DM Healthcare ROCE % Related Terms

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Aster DM Healthcare (BOM:540975) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aster DM Healthcare Ltd (BOM:540975) » Definitions » ROCE %

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ASTERDM:India

Address

33rd Floor, Tower-D, Aspect Towers, Executive Tower at Bay Avenue, P.O. Box 8703, Business Bay, Dubai, ARE

Website

https://www.asterdmhealthcare.com

Aster DM Healthcare Ltd is an India-based company that engages in the provision of healthcare solutions. The company operates in multiple business divisions of the healthcare industry, including hospitals, clinics, and retail pharmacies and provides health care services to patients across economic segments in several GCC states through various brands Aster, Medcare and Access. Its segments are Hospitals, Clinics, Retail pharmacies and others, of which key revenue is derived from the Hospitals segment The company conducts operations in all GCC states, comprising of United Arab Emirates, Qatar, Oman, Kingdom of Saudi Arabia, Jordan, Kuwait and Bahrain; India, and UAE.

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