Asiri Surgical Hospital (COL:AMSL.N0000) ROCE % : 18.40% (As of Dec. 2023)

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What is Asiri Surgical Hospital 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. Asiri Surgical Hospital's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.40%.

Asiri Surgical Hospital ROCE % Historical Data

The historical data trend for Asiri Surgical Hospital'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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Asiri Surgical Hospital ROCE % Chart

Asiri Surgical Hospital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.70

14.18

14.31

23.46

27.37

Asiri Surgical Hospital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															35.88	31.07	25.11	21.94	18.40

Asiri Surgical Hospital ROCE % Calculation

Asiri Surgical Hospital'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 )
	=	2218.85	/	( ( (10626.278 - 3247.687)	+	(13250.182 - 4417.089) )	/ 2 )
	=	2218.85	/	( (7378.591	+	8833.093)	/ 2 )
	=	2218.85	/	8105.842
	=	27.37 %

Asiri Surgical Hospital's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1712.04	/	( ( (13425.542 - 4147.843)	+	(13567.031 - 4233.471) )	/ 2 )
	=	1712.04	/	( ( 9277.699	+	9333.56 )	/ 2 )
	=	1712.04	/	9305.6295
	=	18.40 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Asiri Surgical Hospital (COL:AMSL.N0000) 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.

Asiri Surgical Hospital ROCE % Related Terms

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Asiri Surgical Hospital (COL:AMSL.N0000) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asiri Surgical Hospital PLC (COL:AMSL.N0000) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 21, Kirimandala Mawatha, Colombo, LKA, 05

Website

https://www.asirihealth.com

Asiri Surgical Hospital PLC is engaged in operating a two-tier hospital and provides healthcare services. The business of the company operates in segments that include Pre-care, Post-care, and Pharmaceutical segment. The pre-care includes OPD revenue, channeling revenue, and OPD lab investigation services, post-care which includes all IPD revenue including inpatient drugs and lab investigation, and pharmaceutical which includes OPD pharmacy revenue. Geographically the company provides its services to the Sri Lankan market.

Asiri Surgical Hospital (COL:AMSL.N0000) Headlines

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