Asarfi Hospital (BOM:543943) ROCE % : 9.87% (As of Sep. 2023)

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What is Asarfi Hospital 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. Asarfi Hospital's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.87%.

Asarfi Hospital ROCE % Historical Data

The historical data trend for Asarfi Hospital'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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Asarfi Hospital ROCE % Chart

Asarfi Hospital Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

18.30

20.75

19.31

Asarfi Hospital Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	-	-	31.88	11.15	9.87

Asarfi Hospital ROCE % Calculation

Asarfi Hospital's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	117.553	/	( ( (627.024 - 147.63)	+	(934.271 - 195.902) )	/ 2 )
	=	117.553	/	( (479.394	+	738.369)	/ 2 )
	=	117.553	/	608.8815
	=	19.31 %

Asarfi Hospital's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	91.622	/	( ( (934.271 - 195.902)	+	(1555.915 - 438.512) )	/ 2 )
	=	91.622	/	( ( 738.369	+	1117.403 )	/ 2 )
	=	91.622	/	927.886
	=	9.87 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Asarfi Hospital (BOM:543943) 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.

Asarfi Hospital ROCE % Related Terms

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Asarfi Hospital (BOM:543943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asarfi Hospital Ltd (BOM:543943) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Bishunpur Polytechnic, Baramuri, 4th floor, Dhanbad, JH, IND, 828130

Website

https://www.asarfihospital.com

Asarfi Hospital Ltd provides healthcare facilities to the people of Jharkhand. It is a is a 250 bedded multi-specialty hospital offering healthcare facilities. The company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.

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