Nightingale Health (OHEL:HEALTH) ROCE % : -18.90% (As of Jun. 2023)

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What is Nightingale 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. Nightingale Health's annualized ROCE % for the quarter that ended in Jun. 2023 was -18.90%.

Nightingale Health ROCE % Historical Data

The historical data trend for Nightingale 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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Nightingale Health ROCE % Chart

Nightingale Health Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

-33.64

-25.64

-12.89

-12.52

-16.72

Nightingale Health Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial				-18.61	-8.40	-16.92	-14.79	-18.90

Nightingale Health ROCE % Calculation

Nightingale Health's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-18.072	/	( ( (124.048 - 7.921)	+	(106.793 - 6.757) )	/ 2 )
	=	-18.072	/	( (116.127	+	100.036)	/ 2 )
	=	-18.072	/	108.0815
	=	-16.72 %

Nightingale Health's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-19.612	/	( ( (115.173 - 7.672)	+	(106.793 - 6.757) )	/ 2 )
	=	-19.612	/	( ( 107.501	+	100.036 )	/ 2 )
	=	-19.612	/	103.7685
	=	-18.90 %

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

Nightingale Health (OHEL:HEALTH) 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.

Nightingale Health ROCE % Related Terms

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Nightingale Health (OHEL:HEALTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nightingale Health PLC (OHEL:HEALTH) » Definitions » ROCE %

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NGHLF:USA 7XE:Germany

Address

Mannerheimintie 164a, Helsinki, FIN, 00300

Website

https://www.nightingalehealth.com

Nightingale Health PLC offers a health data platform that detects disease risks. The Health Data Platform empowers individuals to take actions to prevent diseases by allowing them access to disease risk information. With its Health Data Platform, the company connects the services of healthcare actors with the preventative health needs of individuals.

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