Tejnaksh Healthcare (BOM:539428) ROCE % : 11.97% (As of Dec. 2023)

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What is Tejnaksh 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. Tejnaksh Healthcare's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.97%.

Tejnaksh Healthcare ROCE % Historical Data

The historical data trend for Tejnaksh 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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Tejnaksh Healthcare ROCE % Chart

Tejnaksh Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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27.37

17.28

13.70

16.38

10.84

Tejnaksh 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															7.77	3.83	5.03	13.08	11.97

Tejnaksh Healthcare ROCE % Calculation

Tejnaksh 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 )
	=	31.205	/	( ( (296.078 - 16.634)	+	(312.257 - 16.114) )	/ 2 )
	=	31.205	/	( (279.444	+	296.143)	/ 2 )
	=	31.205	/	287.7935
	=	10.84 %

Tejnaksh 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 )
	=	36.2	/	( ( (318.591 - 16.24)	+	(0 - 0) )	/ 1 )
	=	36.2	/	( ( 302.351	+	0 )	/ 1 )
	=	36.2	/	302.351
	=	11.97 %

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

Tejnaksh Healthcare (BOM:539428) 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.

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Tejnaksh Healthcare (BOM:539428) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tejnaksh Healthcare Ltd (BOM:539428) » Definitions » ROCE %

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Address

Institute of Urology, Sakri Road, Dhule, MH, IND, 424 001

Website

https://www.tejnaksh.com

Tejnaksh Healthcare Ltd is engaged in the provision of hospital and healthcare services. Geographically, it operates only in India. The Company has a single operating segment, namely health care services. The company domains include Urology Hospitals; Nephrology Hospitals; Dental Clinics; Healthcare Equipment and Research and Development. It generates maximum revenue from Operation and Surgery.

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