Aatmaj Healthcare (NSE:AATMAJ) ROCE % : 84.86% (As of Mar. 2022)

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What is Aatmaj Healthcare 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. Aatmaj Healthcare's annualized ROCE % for the quarter that ended in Mar. 2022 was 84.86%.

Aatmaj Healthcare ROCE % Historical Data

The historical data trend for Aatmaj Healthcare'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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Aatmaj Healthcare ROCE % Chart

Aatmaj Healthcare Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

5.12

73.18

84.86

Aatmaj Healthcare Semi-Annual Data
	Mar20	Mar21	Mar22
ROCE %	5.12	73.18	84.86

Aatmaj Healthcare ROCE % Calculation

Aatmaj Healthcare's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	69.617	/	( ( (97.997 - 28.648)	+	(171.962 - 77.234) )	/ 2 )
	=	69.617	/	( (69.349	+	94.728)	/ 2 )
	=	69.617	/	82.0385
	=	84.86 %

Aatmaj Healthcare's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	69.617	/	( ( (97.997 - 28.648)	+	(171.962 - 77.234) )	/ 2 )
	=	69.617	/	( ( 69.349	+	94.728 )	/ 2 )
	=	69.617	/	82.0385
	=	84.86 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2022) EBIT data.

Aatmaj Healthcare (NSE:AATMAJ) 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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Aatmaj Healthcare (NSE:AATMAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aatmaj Healthcare Ltd (NSE:AATMAJ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sunpharma Ataladra Road, Jupiter Hospital, Opposite ICAI Bhavan, Vadodara, GJ, IND, 390012

Website

https://www.jupiterhospitalvadodara.com

Aatmaj Healthcare Ltd is a growing organization that aims at strengthening and establishing itself as the foremost healthcare services provider. The company strives to serve with its ultra-modern medicinal practices and infrastructure for medical as well as surgical care solutions. It aims towards continuous improvement of its healthcare facilities and to achieve the level of care and quality. It has a team of medical practitioners who ensures that patients get quality healthcare services.

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