Netcare (STU:NH7) ROCE % : 13.98% (As of Mar. 2024)

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What is Netcare 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. Netcare's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.98%.

Netcare ROCE % Historical Data

The historical data trend for Netcare'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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Netcare ROCE % Chart

Netcare Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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25.04

8.46

10.57

11.44

12.06

Netcare Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															10.86	12.36	12.72	12.86	13.98

Netcare ROCE % Calculation

Netcare's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	138.729	/	( ( (1507.685 - 303.087)	+	(1373.607 - 276.816) )	/ 2 )
	=	138.729	/	( (1204.598	+	1096.791)	/ 2 )
	=	138.729	/	1150.6945
	=	12.06 %

Netcare's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	153.368	/	( ( (1373.607 - 276.816)	+	(1365.371 - 267.832) )	/ 2 )
	=	153.368	/	( ( 1096.791	+	1097.539 )	/ 2 )
	=	153.368	/	1097.165
	=	13.98 %

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

Netcare (STU:NH7) 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.

Netcare ROCE % Related Terms

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Netcare (STU:NH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Netcare Ltd (STU:NH7) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NTCP.PFD:South Africa NTC:South Africa

Address

76 Maude Street, Corner West Street, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.netcare.co.za

Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.

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