Nawaloka Hospitals (COL:NHL.N0000) ROCE % : 16.37% (As of Dec. 2023)

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What is Nawaloka 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. Nawaloka Hospitals's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.37%.

Nawaloka Hospitals ROCE % Historical Data

The historical data trend for Nawaloka 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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Nawaloka Hospitals ROCE % Chart

Nawaloka Hospitals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.47

10.84

14.18

11.57

0.31

Nawaloka Hospitals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.02	-22.42	16.51	8.04	16.37

Nawaloka Hospitals ROCE % Calculation

Nawaloka Hospitals'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 )
	=	40.358	/	( ( (20100.047 - 5334.188)	+	(18995.059 - 7686.973) )	/ 2 )
	=	40.358	/	( (14765.859	+	11308.086)	/ 2 )
	=	40.358	/	13036.9725
	=	0.31 %

Nawaloka Hospitals'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2142.276	/	( ( (18795.702 - 5171.724)	+	(18432.69 - 5878.413) )	/ 2 )
	=	2142.276	/	( ( 13623.978	+	12554.277 )	/ 2 )
	=	2142.276	/	13089.1275
	=	16.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Nawaloka Hospitals (COL:NHL.N0000) 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.

Nawaloka Hospitals ROCE % Related Terms

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Nawaloka Hospitals (COL:NHL.N0000) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nawaloka Hospitals PLC (COL:NHL.N0000) » Definitions » ROCE %

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Address

No. 23, Deshamanya, H.K. Dharmadasa Mawatha, Colombo, LKA, 02

Website

http://www.nawaloka.com

Nawaloka Hospitals PLC is a provider of healthcare services in Sri Lanka. The company's operating segments include Hospital services; Pharmaceutical; Laboratories and Radiology services. The Hospital services segment is engaged in the provision of hospital services to inpatients and outpatients. Some of the products and services offered by Nawaloka include cardiac services, radiology services, specialist consultations services, cosmetic unit services, ophthalmology services, surgical services, and gynaecology services.

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