Symbion Health (ASX:SY1) ROCE % : 10.17% (As of Jun. 2007)

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What is Symbion 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. Symbion Health's annualized ROCE % for the quarter that ended in Jun. 2007 was 10.17%.

Symbion Health ROCE % Historical Data

The historical data trend for Symbion 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.

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Symbion Health ROCE % Chart

Symbion Health Annual Data

Trend

Jun98

Jun99

Jun00

Jun01

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

ROCE %

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-8.67

5.89

5.43

5.67

10.17

Symbion Health Semi-Annual Data
	Jun95	Jun96	Jun97	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07
ROCE %	Get a 7-Day Free Trial								-8.67	5.89	5.43	5.67	10.17

Symbion Health ROCE % Calculation

Symbion Health's annualized ROCE % for the fiscal year that ended in Jun. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2007 )		(A: Jun. 2006 )		(A: Jun. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2007 )		(A: Jun. 2006 )		(A: Jun. 2007 )
	=	157.879	/	( ( (2164.481 - 636.587)	+	(2225.908 - 650.105) )	/ 2 )
	=	157.879	/	( (1527.894	+	1575.803)	/ 2 )
	=	157.879	/	1551.8485
	=	10.17 %

Symbion Health's ROCE % of for the quarter that ended in Jun. 2007 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2007 )		(Q: Jun. 2006 )		(Q: Jun. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2007 )		(Q: Jun. 2006 )		(Q: Jun. 2007 )
	=	157.879	/	( ( (2164.481 - 636.587)	+	(2225.908 - 650.105) )	/ 2 )
	=	157.879	/	( ( 1527.894	+	1575.803 )	/ 2 )
	=	157.879	/	1551.8485
	=	10.17 %

(1) Note: The EBIT data used here is one times the annual (Jun. 2007) EBIT data.

Symbion Health (ASX:SY1) 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.

Symbion Health ROCE % Related Terms

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Symbion Health (ASX:SY1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Symbion Health Ltd (ASX:SY1) » Definitions » ROCE %

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ASX:ONT

Traded in Other Exchanges

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Address

Website

http://www.symbionhealth.com

Symbion Group Limited (SYB, formerly Mayne Group Limited) is a healthcare-focused company comprised of 5 divisions: Pathology; Medical Centres; Imaging; Pharmacy Services; and Symbion Consumer.

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