Saint-Care Holding (TSE:2374) ROCE % : 18.59% (As of Dec. 2023)

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What is Saint-Care Holding 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. Saint-Care Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.59%.

Saint-Care Holding ROCE % Historical Data

The historical data trend for Saint-Care Holding'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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Saint-Care Holding ROCE % Chart

Saint-Care Holding Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.90

8.80

13.42

14.70

13.15

Saint-Care Holding 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															14.13	10.62	14.97	17.10	18.59

Saint-Care Holding ROCE % Calculation

Saint-Care Holding'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 )
	=	2793.239	/	( ( (27491.492 - 7084.394)	+	(29530.496 - 7456) )	/ 2 )
	=	2793.239	/	( (20407.098	+	22074.496)	/ 2 )
	=	2793.239	/	21240.797
	=	13.15 %

Saint-Care Holding'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 )
	=	4130.388	/	( ( (30157.041 - 8162.437)	+	(29833.211 - 7380.568) )	/ 2 )
	=	4130.388	/	( ( 21994.604	+	22452.643 )	/ 2 )
	=	4130.388	/	22223.6235
	=	18.59 %

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

Saint-Care Holding (TSE:2374) 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.

Saint-Care Holding ROCE % Related Terms

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Saint-Care Holding (TSE:2374) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Saint-Care Holding Corp (TSE:2374) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-8-7 Kyobashi, Chuo-ku, Yomiu Building, 5th Floor, Tokyo, JPN, 104-0031

Website

http://www.saint-care.com

Saint-Care Holding Corp provides healthcare services including home help, visit bathing, elder-care taxi, home care support, home-visit nursing care, welfare equipment and rental equipment sales care, catering, group home and day care services.

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