Ryman Healthcare (Ryman Healthcare) ROCE % : 2.60% (As of Sep. 2023)

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What is Ryman 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. Ryman Healthcare's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.60%.

Ryman Healthcare ROCE % Historical Data

The historical data trend for Ryman 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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Ryman Healthcare ROCE % Chart

Ryman Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.62

2.60

5.65

7.59

3.47

Ryman Healthcare Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															6.23	9.09	3.96	3.02	2.60

Ryman Healthcare ROCE % Calculation

Ryman Healthcare'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 )
	=	255.359	/	( ( (7531.65 - 283.385)	+	(7765.75 - 296.966) )	/ 2 )
	=	255.359	/	( (7248.265	+	7468.784)	/ 2 )
	=	255.359	/	7358.5245
	=	3.47 %

Ryman Healthcare'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 )
	=	195.892	/	( ( (7765.75 - 296.966)	+	(7761.075 - 189.754) )	/ 2 )
	=	195.892	/	( ( 7468.784	+	7571.321 )	/ 2 )
	=	195.892	/	7520.0525
	=	2.60 %

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

Ryman Healthcare (OTCPK:RHCGF) 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.

Ryman Healthcare ROCE % Related Terms

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Ryman Healthcare (Ryman Healthcare) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ryman Healthcare Ltd (OTCPK:RHCGF) » Definitions » ROCE %

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RYHTY:USA RYM:New Zealand RH7:Germany

Address

92 Russley Road, P.O. Box 771, Airport Business Park, Christchurch, STL, NZL, 8042

Website

https://www.rymanhealthcare.co.nz

Ryman Healthcare develops, owns, and operates retirement villages and aged-care facilities in New Zealand and Australia. Most of its villages offer a combination of independent and serviced units, alongside hospital, dementia, and rest-home care. Income is predominantly earned from aged care fees, retirement unit management fees, development margins on new units, and capital gains generated when residents vacate and Ryman resells existing units.