New York Health Care (New York Health Care) ROCE % : 0.00% (As of Sep. 2008)

View and export this data going back to 1996. Start your Free Trial

What is New York Health Care 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. New York Health Care's annualized ROCE % for the quarter that ended in Sep. 2008 was 0.00%.

New York Health Care ROCE % Historical Data

The historical data trend for New York Health Care'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.

New York Health Care ROCE % Chart

New York Health Care Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

ROCE %

Get a 7-Day Free Trial

553.69

-77.34

-426.01

New York Health Care Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

New York Health Care ROCE % Calculation

New York Health Care's annualized ROCE % for the fiscal year that ended in Dec. 2007 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2007 )		(A: Dec. 2006 )		(A: Dec. 2007 )
	=	-1.22	/	( ( (12.88 - 14.682)	+	(12.417 - 15.248) )	/ 2 )
	=	-1.22	/	( (-1.802	+	-2.831)	/ 2 )
	=	-1.22	/	-2.3165
	=	52.67 %

New York Health Care's ROCE % of for the quarter that ended in Sep. 2008 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2008 )		(Q: Jun. 2008 )		(Q: Sep. 2008 )
	=	-0.884	/	( ( (15.079 - 17.573)	+	(14.909 - 17.416) )	/ 2 )
	=	-0.884	/	( ( -2.494	+	-2.507 )	/ 2 )
	=	-0.884	/	-2.5005
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2008) EBIT data.

New York Health Care (OTCPK:BBAL) 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.

New York Health Care ROCE % Related Terms

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

New York Health Care (New York Health Care) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » New York Health Care Inc (OTCPK:BBAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 West Hawthorne Avenue, 3rd Floor, Valley Stream, NY, USA, 115

Website

http://www.nyhc.com

New York Health Care Inc is a home care service agency. It offers home non-medical companions and senior care services. The company provides hands-on care, companions, home health aides and other skilled nursing services.

New York Health Care (New York Health Care) Headlines

No Headlines