Global Health (NSE:MEDANTA) ROCE % : 20.44% (As of Sep. 2024)

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What is Global 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. Global Health's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.44%.

Global Health ROCE % Historical Data

The historical data trend for Global 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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Global Health ROCE % Chart

Global Health Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

4.97

4.33

14.36

16.80

19.35

Global Health Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										22.19	22.11	17.36	17.54	20.44

Global Health ROCE % Calculation

Global 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 )
	=	6996.38	/	( ( (41159.65 - 5725.55)	+	(43040.75 - 6177.33) )	/ 2 )
	=	6996.38	/	( (35434.1	+	36863.42)	/ 2 )
	=	6996.38	/	36148.76
	=	19.35 %

Global Health'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 )
	=	7882.96	/	( ( (0 - 0)	+	(45100.81 - 6528.38) )	/ 1 )
	=	7882.96	/	( ( 0	+	38572.43 )	/ 1 )
	=	7882.96	/	38572.43
	=	20.44 %

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

Global Health (NSE:MEDANTA) 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.

Global Health ROCE % Related Terms

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Global Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Global Health Ltd (NSE:MEDANTA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543654:India

Address

Medanta - The Medicity, Sector-38, Gurugram, HR, IND, 122001

Website

https://www.medanta.org

Global Health Ltd operates as a private multi-specialty tertiary care provider operating in the North and East regions of India, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplant, and kidney and urology. Under the Medanta brand, it has a network of hospitals in operation (Gurugram, Indore, Ranchi, and Lucknow), a hospital that is under construction with an operational outpatient facility (Patna), and a hospital (Noida) planned for development. The Group operates Healthcare services as a single business segment in India, constituting a single geographical segment.

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