Express Scripts Holding Co (Express Scripts Holding Co) ROCE % : 16.49% (As of Sep. 2018)

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What is Express Scripts Holding Co 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. Express Scripts Holding Co's annualized ROCE % for the quarter that ended in Sep. 2018 was 16.49%.

Express Scripts Holding Co ROCE % Historical Data

The historical data trend for Express Scripts Holding Co'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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Express Scripts Holding Co ROCE % Chart

Express Scripts Holding Co Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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8.50

9.47

11.99

14.35

15.44

Express Scripts Holding Co Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial															17.66	18.18	10.66	14.52	16.49

Express Scripts Holding Co ROCE % Calculation

Express Scripts Holding Co's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	5536.9	/	( ( (51744.9 - 16428.1)	+	(54255.8 - 17846.4) )	/ 2 )
	=	5536.9	/	( (35316.8	+	36409.4)	/ 2 )
	=	5536.9	/	35863.1
	=	15.44 %

Express Scripts Holding Co's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	6006.4	/	( ( (54677.8 - 18586.7)	+	(55441.6 - 18691.4) )	/ 2 )
	=	6006.4	/	( ( 36091.1	+	36750.2 )	/ 2 )
	=	6006.4	/	36420.65
	=	16.49 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

Express Scripts Holding Co (NAS:ESRX) 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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Express Scripts Holding Co (Express Scripts Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Express Scripts Holding Co (NAS:ESRX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.express-scripts.com

Express Scripts is the largest pharmacy benefit manager in the United States. Through its mail-order pharmacy and network of retail pharmacies, Express Scripts processes approximately 1.3 billion adjusted prescriptions annually for its payer clients.