Aashka Hospitals (BOM:543346) ROCE % : 7.14% (As of Mar. 2024)

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What is Aashka Hospitals 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. Aashka Hospitals's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.14%.

Aashka Hospitals ROCE % Historical Data

The historical data trend for Aashka Hospitals'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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Aashka Hospitals ROCE % Chart

Aashka Hospitals Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.50

14.58

6.69

0.38

5.47

Aashka Hospitals Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial				-3.82	-1.24	1.99	3.69	7.14

Aashka Hospitals ROCE % Calculation

Aashka Hospitals'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 )
	=	57.577	/	( ( (0 - 0)	+	(1214.535 - 162.292) )	/ 1 )
	=	57.577	/	( (0	+	1052.243)	/ 1 )
	=	57.577	/	1052.243
	=	5.47 %

Aashka Hospitals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	75.732	/	( ( (1226.291 - 156.946)	+	(1214.535 - 162.292) )	/ 2 )
	=	75.732	/	( ( 1069.345	+	1052.243 )	/ 2 )
	=	75.732	/	1060.794
	=	7.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Aashka Hospitals (BOM:543346) 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.

Aashka Hospitals ROCE % Related Terms

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Aashka Hospitals (BOM:543346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aashka Hospitals Ltd (BOM:543346) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Between Sargasan & Reliance Cross Road, Sargasan, Gandhinagar, GJ, IND, 382421

Website

https://aashkahospitals.in

Aashka Hospital Ltd is an integrated healthcare service provider that offers the quality of healthcare facilities including prevention, treatment, and rehabilitation. It serves a range of healthcare services such as Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. The group also includes the operation of Multi-Disciplinary Private Hospital, Clinics, and Pharmacies.

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