Optima Health (FRA:J3N) ROCE % : -0.90% (As of Mar. 2024)

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What is Optima Health 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. Optima Health's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.90%.

Optima Health ROCE % Historical Data

The historical data trend for Optima Health'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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Optima Health ROCE % Chart

Optima Health Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

-0.34

0.57

-0.45

Optima Health Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	-0.69	1.13	-0.90

Optima Health ROCE % Calculation

Optima Health'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 )
	=	-0.843	/	( ( (255.344 - 88.467)	+	(245.943 - 36.972) )	/ 2 )
	=	-0.843	/	( (166.877	+	208.971)	/ 2 )
	=	-0.843	/	187.924
	=	-0.45 %

Optima Health'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	-1.686	/	( ( (255.344 - 88.467)	+	(245.943 - 36.972) )	/ 2 )
	=	-1.686	/	( ( 166.877	+	208.971 )	/ 2 )
	=	-1.686	/	187.924
	=	-0.90 %

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

Optima Health (FRA:J3N) 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.

Optima Health ROCE % Related Terms

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Optima Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Health PLC (FRA:J3N) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OPT:UK J3N:Germany

Address

2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY

Website

https://www.optimahealth.co.uk

Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.

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