Ensign Group (FRA:EGB) ROCE % : 10.42% (As of Mar. 2024)

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What is Ensign Group 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. Ensign Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.42%.

Ensign Group ROCE % Historical Data

The historical data trend for Ensign Group'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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Ensign Group ROCE % Chart

Ensign Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.06

10.82

12.70

11.80

8.78

Ensign Group 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															10.41	10.00	10.05	3.84	10.42

Ensign Group ROCE % Calculation

Ensign Group'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 )
	=	257.539	/	( ( (3258.709 - 549.476)	+	(3830.805 - 673.763) )	/ 2 )
	=	257.539	/	( (2709.233	+	3157.042)	/ 2 )
	=	257.539	/	2933.1375
	=	8.78 %

Ensign Group'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 )
	=	336.948	/	( ( (3830.805 - 673.763)	+	(3963.737 - 652.943) )	/ 2 )
	=	336.948	/	( ( 3157.042	+	3310.794 )	/ 2 )
	=	336.948	/	3233.918
	=	10.42 %

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

Ensign Group (FRA:EGB) 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.

Ensign Group ROCE % Related Terms

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Ensign Group (FRA:EGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ensign Group Inc (FRA:EGB) » Definitions » ROCE %

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ENSG:USA

Address

29222 Rancho Viejo Road, Suite 127, San Juan Capistrano, CA, USA, 92675

Website

https://www.ensigngroup.net

Ensign Group Inc provides post-acute healthcare services in the United States. Its regional subsidiaries oversee skilled nursing, assisted living, home health and hospice, mobile ancillary, and urgent care operations. Medicare and Medicaid programs contribute a majority of revenue received for Ensign's services. The firm operates through two segments, Skilled services, and Standard Bearer. The skilled services segment includes the operation of skilled nursing facilities and rehabilitation therapy services. The real estate segment comprises of properties owned by the company and leased to skilled nursing and assisted living operations. The majority of the revenue is generated from the services segment.

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