Summerset Group Holdings (NZSE:SUM) ROCE % : 9.91% (As of Dec. 2023)

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What is Summerset Group Holdings 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. Summerset Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.91%.

Summerset Group Holdings ROCE % Historical Data

The historical data trend for Summerset Group Holdings'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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Summerset Group Holdings ROCE % Chart

Summerset Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.66

7.05

13.66

5.62

7.49

Summerset Group Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.27	5.96	5.33	4.94	9.91

Summerset Group Holdings ROCE % Calculation

Summerset Group Holdings'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 )
	=	449.456	/	( ( (5840.322 - 377.989)	+	(6941.681 - 405.565) )	/ 2 )
	=	449.456	/	( (5462.333	+	6536.116)	/ 2 )
	=	449.456	/	5999.2245
	=	7.49 %

Summerset Group Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	617.498	/	( ( (6298.019 - 374.595)	+	(6941.681 - 405.565) )	/ 2 )
	=	617.498	/	( ( 5923.424	+	6536.116 )	/ 2 )
	=	617.498	/	6229.77
	=	9.91 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Summerset Group Holdings (NZSE:SUM) 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.

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Summerset Group Holdings (NZSE:SUM) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Summerset Group Holdings Ltd (NZSE:SUM) » Definitions » ROCE %

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SNZ:Australia

Address

100 Willis Street, Level 27, Majestic Centre, Wellington, NZL, 6011

Website

https://www.summerset.co.nz

Summerset Group Holdings Ltd operates retirement villages in New Zealand. The company receives a majority of its revenue from the New Zealand Ministry of Health, which subsidizes fees for eligible aged-care residents. Its revenue is primarily derived from care fees and village services income. Summerset provides a range of care for its residents, including in-home care and 24-hour medical-care centers. In addition to its independent-living villas and apartments, Summerset offers supported-living residences, which include assistance with daily activities like shopping and housekeeping.