Health Management Associates, (FRA:HMG) 10-Year ROIIC % : 0.00% (As of Dec. 2012)

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What is Health Management Associates, 10-Year ROIIC %?

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Health Management Associates,'s 10-Year ROIIC % for the quarter that ended in Dec. 2012 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Health Management Associates,'s 10-Year ROIIC % or its related term are showing as below:

FRA:HMG's 10-Year ROIIC % is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 3.525
* Ranked among companies with meaningful 10-Year ROIIC % only.

Health Management Associates, 10-Year ROIIC % Historical Data

The historical data trend for Health Management Associates,'s 10-Year ROIIC % 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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Health Management Associates, 10-Year ROIIC % Chart

Health Management Associates, Annual Data

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10-Year ROIIC %

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Health Management Associates, Quarterly Data
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Competitive Comparison of Health Management Associates,'s 10-Year ROIIC %

For the Medical Care Facilities subindustry, Health Management Associates,'s 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Health Management Associates,'s 10-Year ROIIC % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Health Management Associates,'s 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Health Management Associates,'s 10-Year ROIIC % falls into.

Health Management Associates, 10-Year ROIIC % Calculation

Health Management Associates,'s 10-Year ROIIC % for the quarter that ended in Dec. 2012 is calculated as:

10-Year ROIIC %	=	10-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	10-Year Incremental Invested Capital^**
	=	( 140.6099376 (Dec. 2012) - 261.624735 (Sep. 2002) )	/	( 4103.336 (Dec. 2012) - 2047.726 (Sep. 2002) )
	=	-121.0147974	/	2055.61
	=	-5.89%^***

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Health Management Associates, (FRA:HMG) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.

Health Management Associates, 10-Year ROIIC % Related Terms

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Health Management Associates, (FRA:HMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Health Management Associates, Inc. (FRA:HMG) » Definitions » 10-Year ROIIC %

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Address

Website

http://www.hma-corp.com

Health Management Associates, Inc. was incorporated in Delaware in 1979 but began operations through a subsidiary that was formed in 1977. It became a public company in 1991. As of December 31, 2011, it operated 66 hospitals with a total of 10,330 licensed beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington and West Virginia. The Company and its subsidiaries provide health care services to patients in owned and leased facilities located mainly in non-urban communities in the southeastern and southwestern United States. Services provided by its hospitals include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care and pediatric services. It also provides outpatient services such as one-day surgery, laboratory, x-ray, respiratory therapy, cardiology and physical therapy. Additionally, some of the Company's hospitals provide specialty services in, among other areas, cardiology e.g., open-heart surgery, etc., neuro-surgery, oncology, radiation therapy, computer-assisted tomography 'CT' scanning, magnetic resonance imaging 'MRI', lithotripsy and full-service obstetrics.The Company's strategy is to deliver health care services and improve patient and physician satisfaction, improve operations of its hospitals, utilize efficient management and acquire strategic hospitals in non-urban communities. In many of the geographic areas where it operates, there are other hospitals that provide services comparable to those offered by its hospitals. The Company is subject to compliance with various federal, state and local environmental laws, rules and regulations, including, but not limited to, the disposal of medical waste generated by its operations.

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