BrightSpring Health Services (BrightSpring Health Services) ROCE % : -0.43% (As of Mar. 2024)

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What is BrightSpring Health Services 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. BrightSpring Health Services's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.43%.

BrightSpring Health Services ROCE % Historical Data

The historical data trend for BrightSpring Health Services'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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BrightSpring Health Services ROCE % Chart

BrightSpring Health Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.98

4.72

5.56

4.11

3.35

BrightSpring Health Services Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											4.57	7.01	-4.65	6.25	-0.43

BrightSpring Health Services ROCE % Calculation

BrightSpring Health Services'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 )
	=	147.18	/	( ( (5441.138 - 932.508)	+	(5532.721 - 1248.437) )	/ 2 )
	=	147.18	/	( (4508.63	+	4284.284)	/ 2 )
	=	147.18	/	4396.457
	=	3.35 %

BrightSpring Health Services'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 )
	=	-18.636	/	( ( (5532.721 - 1248.437)	+	(5655.555 - 1244.999) )	/ 2 )
	=	-18.636	/	( ( 4284.284	+	4410.556 )	/ 2 )
	=	-18.636	/	4347.42
	=	-0.43 %

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

BrightSpring Health Services (NAS:BTSG) 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.

BrightSpring Health Services ROCE % Related Terms

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BrightSpring Health Services (BrightSpring Health Services) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » BrightSpring Health Services Inc (NAS:BTSG) » Definitions » ROCE %

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BrightSpring Health Services Inc is a platform of complementary health services delivering provider and pharmacy solutions for complex populations in home and community settings. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations.

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