Capitol Health (ASX:CAJ) ROCE % : 4.80% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Capitol Health 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. Capitol Health's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.80%.

Capitol Health ROCE % Historical Data

The historical data trend for Capitol Health'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.

* Premium members only.

Capitol Health ROCE % Chart

Capitol Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

24.14

2.79

8.98

7.08

-2.71

Capitol Health Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.52	4.27	-9.62	4.01	4.80

Capitol Health ROCE % Calculation

Capitol Health's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-6.866	/	( ( (271.186 - 33.538)	+	(318.195 - 48.387) )	/ 2 )
	=	-6.866	/	( (237.648	+	269.808)	/ 2 )
	=	-6.866	/	253.728
	=	-2.71 %

Capitol Health'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	13.106	/	( ( (318.195 - 48.387)	+	(320.756 - 43.999) )	/ 2 )
	=	13.106	/	( ( 269.808	+	276.757 )	/ 2 )
	=	13.106	/	273.2825
	=	4.80 %

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

Capitol Health (ASX:CAJ) 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.

Capitol Health ROCE % Related Terms

Thank you for viewing the detailed overview of Capitol Health's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Capitol Health (ASX:CAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Capitol Health Ltd (ASX:CAJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

288 Victoria Parade, Level 2, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.capitolhealth.com.au

Capitol Health Ltd is a provider of diagnostic imaging and related services to the Australian healthcare market. The firm has one business segment which is the operation of diagnostic imaging facilities in Australia. Geographically, it operates only in Australia. It generates its revenue from diagnostic imaging services. The company's offerings include X-Ray, Ultrasound, CT and MRIs, nuclear medicine, mammography/breast screen, bone densitometry, and other related services.

Capitol Health (ASX:CAJ) Headlines

No Headlines