HCA Healthcare (HCA Healthcare) ROCE % : 26.46% (As of Dec. 2023)

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What is HCA Healthcare 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. HCA Healthcare's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.46%.

HCA Healthcare ROCE % Historical Data

The historical data trend for HCA Healthcare'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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HCA Healthcare ROCE % Chart

HCA Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.51

18.44

28.52

24.66

22.40

HCA Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															35.66	22.81	21.92	20.07	26.46

HCA Healthcare ROCE % Calculation

HCA Healthcare'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 )
	=	9644	/	( ( (52438 - 9902)	+	(56211 - 12655) )	/ 2 )
	=	9644	/	( (42536	+	43556)	/ 2 )
	=	9644	/	43046
	=	22.40 %

HCA Healthcare's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	11344	/	( ( (54589 - 12407)	+	(56211 - 12655) )	/ 2 )
	=	11344	/	( ( 42182	+	43556 )	/ 2 )
	=	11344	/	42869
	=	26.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

HCA Healthcare (NYSE:HCA) 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.

HCA Healthcare ROCE % Related Terms

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HCA Healthcare (HCA Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HCA Healthcare Inc (NYSE:HCA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HCA:Mexico 2BH:Germany 2BH:Germany H1CA34:Brazil

Address

One Park Plaza, Nashville, TN, USA, 37203

Website

https://www.hcahealthcare.com

HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of December 2022, the firm owned and operated 182 hospitals, 126 freestanding outpatient surgery centers, and a broad network of physician offices, urgent-care clinics, and freestanding emergency rooms across 20 states and a small foothold in England.

Executives

Kathryn A. Torres	officer: SVP- Employer&Payer Engagement	ONE PARK PLAZA, NASHVILLE TN 37203
Jeffrey E. Cohen	officer: SVP-Government Relations	ONE PARK PLAZA, NASHVILLE TN 37203
Kathleen M Whalen	officer: SVP & Chief Ethics Officer	ONE PARK PLAZA, NASHVILLE TN 37203
Michael S. Cuffe	officer: President-Physician Services	ONE PARK PLAZA, NASHVILLE TN 37203
Erol R Akdamar	officer: Group President	ONE PARK PLAZA, NASHVILLE TN 37203
P. Martin Paslick	officer: SVP and CIO	ONE PARK PLAZA, NASHVILLE TN 37203
Jennifer Berres	officer: SVP & Chief Human Res. Officer	ONE PARK PLAZA, NASHVILLE TN 37203
Bill B Rutherford	officer: CFO - Eastern Group	ONE PARK PLAZA, NASHVILLE TN 37203
Deborah M Reiner	officer: SVP - Mktg. & Communications	ONE PARK PLAZA, NASHVILLE TN 37048
Jon M Foster	officer: Group President	ONE PARK PLAZA, NASHVILLE TN 37203
Christopher F. Wyatt	officer: SVP & Controller	ONE PARK PLAZA, NASHVILLE TN 37203
Timothy M Mcmanus	officer: Group President	ONE PARK PLAZA, NASHVILLE TN 37203
Richard A Hammett	officer: Group President	ONE PARK PLAZA, NASHVILLE TN 37203
Mike A Marks	officer: SVP-Finance	ONE PARK PLAZA, NASHVILLE TN 37203
Moore A Bruce Jr	officer: SVP-Operations Administration	ONE PARK PLAZA, NASHVILLE TN 37203