Healthcare & Medical Investment (TSE:3455) ROCE % : 3.33% (As of Jan. 2024)

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What is Healthcare & Medical Investment 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. Healthcare & Medical Investment's annualized ROCE % for the quarter that ended in Jan. 2024 was 3.33%.

Healthcare & Medical Investment ROCE % Historical Data

The historical data trend for Healthcare & Medical Investment'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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Healthcare & Medical Investment ROCE % Chart

Healthcare & Medical Investment Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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3.45

3.29

3.22

3.42

3.73

Healthcare & Medical Investment Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
ROCE %	Get a 7-Day Free Trial													3.37	3.79	3.98	3.40	3.33

Healthcare & Medical Investment ROCE % Calculation

Healthcare & Medical Investment's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	2593.881	/	( ( (80357.832 - 12020.87)	+	(80789.213 - 10071.151) )	/ 2 )
	=	2593.881	/	( (68336.962	+	70718.062)	/ 2 )
	=	2593.881	/	69527.512
	=	3.73 %

Healthcare & Medical Investment's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Jul. 2023 )		(Q: Jan. 2024 )
	=	2378.454	/	( ( (80789.213 - 10071.151)	+	(80714.844 - 8390.002) )	/ 2 )
	=	2378.454	/	( ( 70718.062	+	72324.842 )	/ 2 )
	=	2378.454	/	71521.452
	=	3.33 %

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

Healthcare & Medical Investment (TSE:3455) 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.

Healthcare & Medical Investment ROCE % Related Terms

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Healthcare & Medical Investment (TSE:3455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Healthcare & Medical Investment Corp (TSE:3455) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3, Kanda-ogawamachi, Chiyoda-ku, Tokyo, JPN

Website

http://www.hcm3455.co.jp

Healthcare & Medical Investment Corp is an investment company, which invests in nursing homes facilities and medical related real properties. The company aims to achieve stable earnings from mid- to long-term perspectives through investment in real estate and other related assets. The firm primarily invests in facilities and buildings for the elderly, as well as medical related facilities.

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