PACS Group (PACS Group) ROCE % : 11.07% (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is PACS Group 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. PACS Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.07%.

PACS Group ROCE % Historical Data

The historical data trend for PACS Group'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.

* Premium members only.

PACS Group ROCE % Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

11.76

8.23

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
ROCE %	-	-	12.08	-	11.07

PACS Group ROCE % Calculation

PACS Group'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 )
	=	207.236	/	( ( (2461.891 - 483.862)	+	(3512.739 - 456.926) )	/ 2 )
	=	207.236	/	( (1978.029	+	3055.813)	/ 2 )
	=	207.236	/	2516.921
	=	8.23 %

PACS Group'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 )
	=	353.784	/	( ( (3512.739 - 456.926)	+	(3866.328 - 531.548) )	/ 2 )
	=	353.784	/	( ( 3055.813	+	3334.78 )	/ 2 )
	=	353.784	/	3195.2965
	=	11.07 %

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

PACS Group (NYSE:PACS) 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.

PACS Group ROCE % Related Terms

Thank you for viewing the detailed overview of PACS Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

PACS Group (PACS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

From GuruFocus

PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering

By Business Wire • 04-11-2024