Jupiter Life Line Hospitals (BOM:543980) ROCE % : 21.48% (As of Mar. 2024)

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What is Jupiter Life Line Hospitals 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. Jupiter Life Line Hospitals's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.48%.

Jupiter Life Line Hospitals ROCE % Historical Data

The historical data trend for Jupiter Life Line Hospitals'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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Jupiter Life Line Hospitals ROCE % Chart

Jupiter Life Line Hospitals Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

4.76

15.39

20.87

Jupiter Life Line Hospitals Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					20.10	21.52	19.80	21.83	21.48

Jupiter Life Line Hospitals ROCE % Calculation

Jupiter Life Line Hospitals'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 )
	=	1709.81	/	( ( (9086.97 - 1232.04)	+	(9855.34 - 1321.37) )	/ 2 )
	=	1709.81	/	( (7854.93	+	8533.97)	/ 2 )
	=	1709.81	/	8194.45
	=	20.87 %

Jupiter Life Line Hospitals'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 )
	=	2524.96	/	( ( (0 - 0)	+	(12813.33 - 1057.54) )	/ 1 )
	=	2524.96	/	( ( 0	+	11755.79 )	/ 1 )
	=	2524.96	/	11755.79
	=	21.48 %

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

Jupiter Life Line Hospitals (BOM:543980) 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.

Jupiter Life Line Hospitals ROCE % Related Terms

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Jupiter Life Line Hospitals (BOM:543980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jupiter Life Line Hospitals Ltd (BOM:543980) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JLHL:India

Address

Eastern Express Highway, Service Rd, Next To Viviana Mall, Thane west, Thane, MH, IND, 400601

Website

https://www.jupiterhospital.com

Jupiter Life Line Hospitals Ltd is a key multi-specialty tertiary and quaternary healthcare provider. The Company operates in one business and geographical segment which is healthcare services in India. The Hospital revenue comprises primarily of fees charged for inpatient and outpatient hospital services and other hospital services. Services include charges for accommodation, operation theatre, medical professional services, equipment, radiology, laboratory and pharmaceutical goods used.

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