Investors Will Want Elevance Health's (NYSE:ELV) Growth In ROCE To Persist [Yahoo! Finance]
Elevance Health, Inc. (ELV)
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, we've noticed some promising trends at Elevance Health NYSE:ELV ) so let's look a bit deeper. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Elevance Health is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$11b ÷ (US$117b - US$42b) (Based on the trailing twelve months to September 2024) Thus, Elevance Health has an ROCE of 14%. In absolute terms, that's a satisfactory return, but compared to the Healthcare industry average of 10.0% it's muc
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ELV
Earnings
- 10/17/24 - Miss
ELV
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- ELV's page on the SEC website