Premier Health Of America (TSXV:PHA) ROCE % : 9.58% (As of Dec. 2023)

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What is Premier Health Of America 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. Premier Health Of America's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.58%.

Premier Health Of America ROCE % Historical Data

The historical data trend for Premier Health Of America'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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Premier Health Of America ROCE % Chart

Premier Health Of America Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-200.70

23.46

18.18

5.68

3.15

Premier Health Of America 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															1.21	5.18	11.55	-6.10	9.58

Premier Health Of America ROCE % Calculation

Premier Health Of America'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 )
	=	1.418	/	( ( (57.668 - 13.147)	+	(56.712 - 11.295) )	/ 2 )
	=	1.418	/	( (44.521	+	45.417)	/ 2 )
	=	1.418	/	44.969
	=	3.15 %

Premier Health Of America'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 )
	=	5.648	/	( ( (56.712 - 11.295)	+	(97.377 - 24.938) )	/ 2 )
	=	5.648	/	( ( 45.417	+	72.439 )	/ 2 )
	=	5.648	/	58.928
	=	9.58 %

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

Premier Health Of America (TSXV:PHA) 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.

Premier Health Of America ROCE % Related Terms

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Premier Health Of America (TSXV:PHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Premier Health Of America Inc (TSXV:PHA) » Definitions » ROCE %

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Address

1114 boul. Cure-Labelle, Suite 1, Blainville, QC, CAN, J7C 2M9

Website

https://www.premiersoin.ca

Premier Health Of America Inc is a Canadian Healthtech company that provides a comprehensive range of staffing and outsourced services solutions for healthcare needs to governments, corporations, and individuals. The company uses its proprietary platform to lead the healthcare services sector digital transformation to provide patients with faster, cheaper and more accessible care services.

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