Spire Healthcare Group (CHIX:SPIL) ROCE % : 6.29% (As of Dec. 2023)

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What is Spire Healthcare Group 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. Spire Healthcare Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.29%.

Spire Healthcare Group ROCE % Historical Data

The historical data trend for Spire Healthcare Group'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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Spire Healthcare Group ROCE % Chart

Spire Healthcare Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.51

-7.42

4.54

4.71

6.56

Spire Healthcare Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															4.18	4.69	4.89	6.92	6.29

Spire Healthcare Group ROCE % Calculation

Spire Healthcare Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	126.1	/	( ( (2159.8 - 283.4)	+	(2288.1 - 317.6) )	/ 2 )
	=	126.1	/	( (1876.4	+	1970.5)	/ 2 )
	=	126.1	/	1923.45
	=	6.56 %

Spire Healthcare Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	121.6	/	( ( (2181.7 - 285.8)	+	(2288.1 - 317.6) )	/ 2 )
	=	121.6	/	( ( 1895.9	+	1970.5 )	/ 2 )
	=	121.6	/	1933.2
	=	6.29 %

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

Spire Healthcare Group (CHIX:SPIl) 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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Spire Healthcare Group (CHIX:SPIL) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Spire Healthcare Group PLC (CHIX:SPIl) » Definitions » ROCE %

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SPI:UK S00:Germany

Address

3 Dorset Rise, London, GBR, EC4Y 8EN

Website

https://www.spirehealthcare.com

Spire Healthcare Group PLC is an independent hospital group in the United Kingdom, with 40 private hospitals and eight clinics. It is a private provider, by volume, of knee and hip operations in the United Kingdom. The Group is a well-located and scalable hospital have delivered successful and award-winning clinical outcomes, positioning the Group well with patients, Consultants, the NHS, GPs and Private Medical Insurance providers. It treats patients through a variety of routes including PMI, Self-pay and the NHS, providing the Group with diversified access to the expected growth opportunities in the UK healthcare market, which faces significant supply challenges as a result of NHS budget constraints and increasing demand from a growing population with longer life expectancy.

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