Select Medical Holdings (FRA:S24) ROCE % : 12.49% (As of Mar. 2024)

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What is Select Medical 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. Select Medical Holdings's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.49%.

Select Medical Holdings ROCE % Historical Data

The historical data trend for Select Medical 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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Select Medical Holdings ROCE % Chart

Select Medical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.05

9.20

12.91

7.03

8.84

Select Medical Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.78	10.36	7.84	7.60	12.49

Select Medical Holdings ROCE % Calculation

Select Medical 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 )
	=	532.772	/	( ( (7236.037 - 1090.463)	+	(7051.392 - 1144.842) )	/ 2 )
	=	532.772	/	( (6145.574	+	5906.55)	/ 2 )
	=	532.772	/	6026.062
	=	8.84 %

Select Medical Holdings'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	752.148	/	( ( (7051.392 - 1144.842)	+	(7229.602 - 1089.627) )	/ 2 )
	=	752.148	/	( ( 5906.55	+	6139.975 )	/ 2 )
	=	752.148	/	6023.2625
	=	12.49 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Select Medical Holdings (FRA:S24) 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.

Select Medical Holdings ROCE % Related Terms

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Select Medical Holdings (FRA:S24) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Select Medical Holdings Corp (FRA:S24) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SEM:USA

Address

4714 Gettysburg Road, P.O. Box 2034, Mechanicsburg, PA, USA, 17055

Website

https://www.selectmedicalholdings.com

Select Medical Holdings Corp is a healthcare company that operates through four main segments: critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and Concentra institutions. Critical illness recovery hospitals and rehabilitation centres are designed for patients requiring extended recovery time with medical services. These two sectors combined compose roughly half of the total revenue and include over 103 critical illness recovery hospitals and inpatient rehab facilities. The outpatient rehabilitation segment includes over 1,928 rehabilitation clinics. The Concentra segment includes over 540 occupational health centers and 147 onsite clinics. The company is headquartered in Pennsylvania, and it operates across the United States.

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