HCA Healthcare (MIL:1HCA) ROCE % : 21.77% (As of Sep. 2024)

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What is HCA Healthcare 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. HCA Healthcare's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.77%.

HCA Healthcare ROCE % Historical Data

The historical data trend for HCA Healthcare'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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HCA Healthcare ROCE % Chart

HCA Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.73

17.62

29.54

25.45

22.08

HCA Healthcare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															20.22	26.18	25.30	25.38	21.77

HCA Healthcare ROCE % Calculation

HCA Healthcare'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 )
	=	8843.548	/	( ( (49501.472 - 9347.488)	+	(51545.487 - 11604.635) )	/ 2 )
	=	8843.548	/	( (40153.984	+	39940.852)	/ 2 )
	=	8843.548	/	40047.418
	=	22.08 %

HCA Healthcare'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	8725.284	/	( ( (53305.091 - 13285.629)	+	(53572.559 - 13424.9) )	/ 2 )
	=	8725.284	/	( ( 40019.462	+	40147.659 )	/ 2 )
	=	8725.284	/	40083.5605
	=	21.77 %

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

HCA Healthcare (MIL:1HCA) 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.

HCA Healthcare ROCE % Related Terms

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HCA Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HCA Healthcare Inc (MIL:1HCA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HCA:USA HCA:Mexico 0J1R:UK 2BH:Germany 2BH:Germany H1CA34:Brazil

Address

One Park Plaza, Nashville, TN, USA, 37203

Website

https://www.hcahealthcare.com

HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of June 2024, the firm owned and operated 188 hospitals, 123 freestanding outpatient surgery centers, and a broad network of physician offices, urgent-care clinics, and freestanding emergency rooms across 20 states and a small foothold in England.

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