Econ Healthcare (Asia) (SGX:EHG) ROCE % : 13.17% (As of Sep. 2024)

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What is Econ Healthcare (Asia) 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. Econ Healthcare (Asia)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 13.17%.

Econ Healthcare (Asia) ROCE % Historical Data

The historical data trend for Econ Healthcare (Asia)'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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Econ Healthcare (Asia) ROCE % Chart

Econ Healthcare (Asia) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.09

15.33

3.48

10.64

9.93

Econ Healthcare (Asia) Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial								6.93	14.15	7.44	13.64	13.17

Econ Healthcare (Asia) ROCE % Calculation

Econ Healthcare (Asia)'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 )
	=	7.885	/	( ( (99.271 - 19.143)	+	(105.374 - 26.636) )	/ 2 )
	=	7.885	/	( (80.128	+	78.738)	/ 2 )
	=	7.885	/	79.433
	=	9.93 %

Econ Healthcare (Asia)'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 )
	=	10.314	/	( ( (105.374 - 26.636)	+	(96.69 - 18.759) )	/ 2 )
	=	10.314	/	( ( 78.738	+	77.931 )	/ 2 )
	=	10.314	/	78.3345
	=	13.17 %

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

Econ Healthcare (Asia) (SGX:EHG) 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.

Econ Healthcare (Asia) ROCE % Related Terms

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Econ Healthcare (Asia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econ Healthcare (Asia) Ltd (SGX:EHG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Changi Road, No. 05-01-13, Hexacube, Singapore, SGP, 419728

Website

https://www.econhealthcare.com

Econ Healthcare (Asia) Ltd is a private nursing home operator in Singapore and Malaysia. The operating business segments are Medicare Centres and Nursing Homes and Other Operations and Ancillary Services. The company derives maximum revenue from the provision of medicare centers and the nursing home segment. Geographically, the company derives a majority of its revenue from Singapore.

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