Entero Healthcare Solutions (BOM:544122) ROCE % : 9.39% (As of Sep. 2024)

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What is Entero Healthcare Solutions 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. Entero Healthcare Solutions's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.39%.

Entero Healthcare Solutions ROCE % Historical Data

The historical data trend for Entero Healthcare Solutions'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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Entero Healthcare Solutions ROCE % Chart

Entero Healthcare Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

1.02

1.04

6.04

7.91

Entero Healthcare Solutions Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			4.04	7.97	12.01	7.74	9.39

Entero Healthcare Solutions ROCE % Calculation

Entero Healthcare Solutions'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 )
	=	960.37	/	( ( (13087.27 - 6239.56)	+	(23449.75 - 6019.44) )	/ 2 )
	=	960.37	/	( (6847.71	+	17430.31)	/ 2 )
	=	960.37	/	12139.01
	=	7.91 %

Entero Healthcare Solutions'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	1664.74	/	( ( (23449.75 - 6019.44)	+	(26529 - 8489.63) )	/ 2 )
	=	1664.74	/	( ( 17430.31	+	18039.37 )	/ 2 )
	=	1664.74	/	17734.84
	=	9.39 %

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

Entero Healthcare Solutions (BOM:544122) 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.

Entero Healthcare Solutions ROCE % Related Terms

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Entero Healthcare Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Entero Healthcare Solutions Ltd (BOM:544122) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ENTERO:India

Address

Bandra Kurla Complex, Trade Centre, Unit No. 605 & 606, 6th Floor, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.enterohealthcare.com

Entero Healthcare Solutions Ltd is a healthcare products distributor in India. It is involved in the business of distribution and marketing of pharmaceutical and surgical products and allied services. Geographically, the company derives a majority of its revenue from the domestic market.

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