Narayana Hrudayalaya (BOM:539551) ROCE % : 21.71% (As of Sep. 2024)

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What is Narayana Hrudayalaya 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. Narayana Hrudayalaya's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.71%.

Narayana Hrudayalaya ROCE % Historical Data

The historical data trend for Narayana Hrudayalaya'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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Narayana Hrudayalaya ROCE % Chart

Narayana Hrudayalaya Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.15

0.89

22.43

29.71

25.63

Narayana Hrudayalaya Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															29.29	25.23	22.48	23.54	21.71

Narayana Hrudayalaya ROCE % Calculation

Narayana Hrudayalaya's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	9854.1	/	( ( (41620.94 - 9872.68)	+	(56245.81 - 11103.82) )	/ 2 )
	=	9854.1	/	( (31748.26	+	45141.99)	/ 2 )
	=	9854.1	/	38445.125
	=	25.63 %

Narayana Hrudayalaya's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	10676	/	( ( (0 - 0)	+	(62428.63 - 13243.06) )	/ 1 )
	=	10676	/	( ( 0	+	49185.57 )	/ 1 )
	=	10676	/	49185.57
	=	21.71 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Narayana Hrudayalaya (BOM:539551) 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.

Narayana Hrudayalaya ROCE % Related Terms

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Narayana Hrudayalaya Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Narayana Hrudayalaya Ltd (BOM:539551) » Definitions » ROCE %

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NH:India

Address

Hosur Road, Anekal Taluk, 261/A, 2nd Floor, Bommasandra Industrial Area, Bengaluru, KA, IND, 560099

Website

https://www.narayanahealth.org

Narayana Hrudayalaya Ltd is an India-based medical and healthcare service provider. It operates a chain of multispecialty, tertiary healthcare facilities. The hospital offers medical services in the field of dermatology, hematology, neurology, orthopedics, pediatrics, cancer care, cardiology, pulmonology. The Company's sole operating segment is Medical and Healthcare Related Services. It also provides surgery services such as Cardiac Surgery, Neurosurgery, Thoracic Surgery, Renal Transplant, and others. Imaging and radiology services, Physiotherapy sessions, and blood bank services are some of the diagnostics and support provided by the hospital. It has business operations in India and the Rest of the world, of which maximum revenue is generated from the business operations in India.

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