Global Longlife Hospital & Research (BOM:543520) ROCE % : 6.27% (As of Sep. 2023)

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What is Global Longlife Hospital & Research 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. Global Longlife Hospital & Research's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.27%.

Global Longlife Hospital & Research ROCE % Historical Data

The historical data trend for Global Longlife Hospital & Research'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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Global Longlife Hospital & Research ROCE % Chart

Global Longlife Hospital & Research Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

15.20

4.44

14.61

30.88

6.86

Global Longlife Hospital & Research Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			47.16	9.50	5.65	5.11	6.27

Global Longlife Hospital & Research ROCE % Calculation

Global Longlife Hospital & Research'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 )
	=	30.279	/	( ( (339.741 - 137.725)	+	(759.383 - 78.398) )	/ 2 )
	=	30.279	/	( (202.016	+	680.985)	/ 2 )
	=	30.279	/	441.5005
	=	6.86 %

Global Longlife Hospital & Research'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 )
	=	42.294	/	( ( (759.383 - 78.398)	+	(784.447 - 115.704) )	/ 2 )
	=	42.294	/	( ( 680.985	+	668.743 )	/ 2 )
	=	42.294	/	674.864
	=	6.27 %

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

Global Longlife Hospital & Research (BOM:543520) 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.

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Global Longlife Hospital & Research (BOM:543520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Global Longlife Hospital & Research Ltd (BOM:543520) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Pakwan Cross Road, Near Sindhubhavan Road, Near Water Tank, Opposite Auda Garden, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.globalhospital.co.in

Global Longlife Hospital & Research Ltd provides health care services. The company offers Oncology, Ophthalmology, Cardiology, Dermatology, Gynecology, Spine Surgery, Plastic Surgery, Ultrasound, Microbiology, Dialysis, and Physiotherapy among other healthcare services.

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