Yatharth Hospital and Trauma Care Services (BOM:543950) ROCE % : 25.98% (As of Sep. 2023)

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What is Yatharth Hospital and Trauma Care Services 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. Yatharth Hospital and Trauma Care Services's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.98%.

Yatharth Hospital and Trauma Care Services ROCE % Historical Data

The historical data trend for Yatharth Hospital and Trauma Care Services'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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Yatharth Hospital and Trauma Care Services ROCE % Chart

Yatharth Hospital and Trauma Care Services Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

5.27

7.44

19.53

29.04

30.49

Yatharth Hospital and Trauma Care Services Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			40.68	22.20	29.30	31.51	25.98

Yatharth Hospital and Trauma Care Services ROCE % Calculation

Yatharth Hospital and Trauma Care Services'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 )
	=	1090.65	/	( ( (4260.23 - 971.05)	+	(4859.66 - 995.18) )	/ 2 )
	=	1090.65	/	( (3289.18	+	3864.48)	/ 2 )
	=	1090.65	/	3576.83
	=	30.49 %

Yatharth Hospital and Trauma Care Services's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	1556.2	/	( ( (4859.66 - 995.18)	+	(8542.05 - 425.93) )	/ 2 )
	=	1556.2	/	( ( 3864.48	+	8116.12 )	/ 2 )
	=	1556.2	/	5990.3
	=	25.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Yatharth Hospital and Trauma Care Services (BOM:543950) 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.

Yatharth Hospital and Trauma Care Services ROCE % Related Terms

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Yatharth Hospital and Trauma Care Services (BOM:543950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Yatharth Hospital and Trauma Care Services Ltd (BOM:543950) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YATHARTH:India

Address

HO-01, Sector-1, Greater Noida West, Noida, UP, IND, 201 306

Website

https://www.yatharthhospitals.com

Yatharth Hospital and Trauma Care Services Ltd is engaged in the business of providing healthcare services, operating hospitals and other allied services, as may be required for the provision of healthcare services.

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