Surgery Partners (FRA:1SP) ROCE % : 4.76% (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Surgery Partners 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. Surgery Partners's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.76%.

Surgery Partners ROCE % Historical Data

The historical data trend for Surgery Partners'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.

* Premium members only.

Surgery Partners ROCE % Chart

Surgery Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.28

3.69

5.99

6.05

5.16

Surgery Partners Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.99	6.29	5.35	6.35	4.76

Surgery Partners ROCE % Calculation

Surgery Partners'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 )
	=	300.776	/	( ( (6307.902 - 465.77)	+	(6305.934 - 479.591) )	/ 2 )
	=	300.776	/	( (5842.132	+	5826.343)	/ 2 )
	=	300.776	/	5834.2375
	=	5.16 %

Surgery Partners'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	279.68	/	( ( (6305.934 - 479.591)	+	(6417.552 - 481.528) )	/ 2 )
	=	279.68	/	( ( 5826.343	+	5936.024 )	/ 2 )
	=	279.68	/	5881.1835
	=	4.76 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Surgery Partners (FRA:1SP) 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.

Surgery Partners ROCE % Related Terms

Thank you for viewing the detailed overview of Surgery Partners's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Surgery Partners (FRA:1SP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Surgery Partners Inc (FRA:1SP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SGRY:USA

Address

340 Seven Springs Way, Suite 600, Brentwood, TN, USA, 37027

Website

https://www.surgerypartners.com

Surgery Partners Inc is one of the few remaining independent ambulatory surgery center operators in the U.S. with national scale. The firm operates surgical facilities in approximately 30 states in partnership with physician groups and larger local healthcare systems. While surgical procedures drive a majority of the firm's revenue, the company also operates a clinical lab, urgent care facilities, and a handful of physician practices to provide additional healthcare services within the communities it serves. It operates in two segments: Surgical Facility Services and Ancillary Services out of which the Surgical Facility Services segment accounts for the majority of revenue.

Surgery Partners (FRA:1SP) Headlines

No Headlines