US Physical Therapy (FRA:UPH) ROCE % : 7.40% (As of Mar. 2024)

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What is US Physical Therapy 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. US Physical Therapy's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.40%.

US Physical Therapy ROCE % Historical Data

The historical data trend for US Physical Therapy'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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US Physical Therapy ROCE % Chart

US Physical Therapy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.36

12.81

13.11

8.78

6.94

US Physical Therapy 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															8.71	10.22	7.83	0.92	7.40

US Physical Therapy ROCE % Calculation

US Physical Therapy'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 )
	=	53.809	/	( ( (810.097 - 80.702)	+	(914.467 - 93.704) )	/ 2 )
	=	53.809	/	( (729.395	+	820.763)	/ 2 )
	=	53.809	/	775.079
	=	6.94 %

US Physical Therapy'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 )
	=	61.544	/	( ( (914.467 - 93.704)	+	(935.876 - 94.333) )	/ 2 )
	=	61.544	/	( ( 820.763	+	841.543 )	/ 2 )
	=	61.544	/	831.153
	=	7.40 %

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

US Physical Therapy (FRA:UPH) 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.

US Physical Therapy ROCE % Related Terms

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US Physical Therapy (FRA:UPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » US Physical Therapy Inc (FRA:UPH) » Definitions » ROCE %

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USPH:USA

Address

1300 West Sam Houston Parkway South, Suite 300, Houston, TX, USA, 77042

Website

https://www.usph.com

US Physical Therapy Inc through its subsidiaries operates outpatient physical therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers, and neurological-related injuries. The principal sources of payment for the clinics' services are managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and proceeds from personal injury cases. Its operating segment includes Physical therapy operations and Industrial injury prevention services. The company generates maximum revenue from the Physical therapy operations segment.

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