Promisia Healthcare (NZSE:PHL) ROCE % : 19.30% (As of Sep. 2024)

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What is Promisia 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. Promisia Healthcare's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.30%.

Promisia Healthcare ROCE % Historical Data

The historical data trend for Promisia 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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Promisia Healthcare ROCE % Chart

Promisia Healthcare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Mar24

ROCE %

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-166.20

-11,750.00

15.22

5.42

11.77

Promisia Healthcare Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Oct20	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															5.84	5.22	4.61	19.81	19.30

Promisia Healthcare ROCE % Calculation

Promisia Healthcare'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 )
	=	6.284	/	( ( (71.751 - 17.059)	+	(84.345 - 32.271) )	/ 2 )
	=	6.284	/	( (54.692	+	52.074)	/ 2 )
	=	6.284	/	53.383
	=	11.77 %

Promisia 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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	13.756	/	( ( (84.345 - 32.271)	+	(193.342 - 102.862) )	/ 2 )
	=	13.756	/	( ( 52.074	+	90.48 )	/ 2 )
	=	13.756	/	71.277
	=	19.30 %

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

Promisia Healthcare (NZSE:PHL) 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.

Promisia Healthcare ROCE % Related Terms

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Promisia Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Promisia Healthcare Ltd (NZSE:PHL) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

50 Customhouse Quay, Level 2, Wellington, NTL, NZL, 6011

Website

https://www.promisia.co.nz

Promisia Healthcare Ltd is engaged in the provision of aged care in New Zealand. The company's services include Rest Home Care; Hospital Care; Respite Care; Young Disabled Care; Dementia Care; Palliative Care; Adult Day Care and others. The Group operates in one operating segment the provision of aged care in New Zealand.

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