Radius Residential Care (NZSE:RAD) ROCE % : 7.77% (As of Sep. 2024)

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What is Radius Residential Care 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. Radius Residential Care's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.77%.

Radius Residential Care ROCE % Historical Data

The historical data trend for Radius Residential Care'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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Radius Residential Care ROCE % Chart

Radius Residential Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

2.10

4.60

3.79

5.79

Radius Residential Care Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			5.32	1.50	7.32	2.74	7.77

Radius Residential Care ROCE % Calculation

Radius Residential Care'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 )
	=	13.274	/	( ( (356.595 - 128.097)	+	(334.713 - 105.088) )	/ 2 )
	=	13.274	/	( (228.498	+	229.625)	/ 2 )
	=	13.274	/	229.0615
	=	5.79 %

Radius Residential Care'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 )
	=	18.164	/	( ( (334.713 - 105.088)	+	(330.452 - 92.823) )	/ 2 )
	=	18.164	/	( ( 229.625	+	237.629 )	/ 2 )
	=	18.164	/	233.627
	=	7.77 %

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

Radius Residential Care (NZSE:RAD) 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.

Radius Residential Care ROCE % Related Terms

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Radius Residential Care Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Radius Residential Care Ltd (NZSE:RAD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Parnell Road, Level 4, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.radiuscare.co.nz

Radius Residential Care Ltd is a health and aged care provider for elderly and disabled people. The company provides residential care, hospital care, dementia care, respite care, and palliative care. The company operates in one segment, the provision of aged care in New Zealand. Also, the company provides Young Disabled Care services, for those under 65 who require assistance with self-care, mobility, and/or communication.

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