AMN Healthcare Services (FRA:HCQ) ROCE % : 7.08% (As of Mar. 2024)

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What is AMN Healthcare Services 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. AMN Healthcare Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.08%.

AMN Healthcare Services ROCE % Historical Data

The historical data trend for AMN Healthcare Services'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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AMN Healthcare Services ROCE % Chart

AMN Healthcare Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.05

8.22

24.17

31.89

15.53

AMN Healthcare Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															24.35	18.01	17.88	6.42	7.08

AMN Healthcare Services ROCE % Calculation

AMN Healthcare Services's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	310.339	/	( ( (2726.603 - 809.889)	+	(2681.669 - 601.663) )	/ 2 )
	=	310.339	/	( (1916.714	+	2080.006)	/ 2 )
	=	310.339	/	1998.36
	=	15.53 %

AMN Healthcare Services'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 )
	=	146.996	/	( ( (2681.669 - 601.663)	+	(2643.709 - 573.991) )	/ 2 )
	=	146.996	/	( ( 2080.006	+	2069.718 )	/ 2 )
	=	146.996	/	2074.862
	=	7.08 %

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

AMN Healthcare Services (FRA:HCQ) 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.

AMN Healthcare Services ROCE % Related Terms

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AMN Healthcare Services (FRA:HCQ) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » AMN Healthcare Services Inc (FRA:HCQ) » Definitions » ROCE %

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AMN:USA AMN:Mexico

Address

8840 Cypress Waters Boulevard, Suite 300, Dallas, TX, USA, 75019

Website

https://www.amnhealthcare.com

AMN Healthcare Services is one of the largest healthcare staffing company in the United States. In 2022, it offered almost 12,000 nurses and allied healthcare full-time workers with provider clients nationwide. About two thirds of its business is generated from its temporary nursing division; the other third is generated from its physician placement and technology-backed workplace solutions divisions.

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