China Traditional Chinese Medicine Holdings Co (HKSE:00570) ROCE % : 4.42% (As of Dec. 2023)

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What is China Traditional Chinese Medicine Holdings Co 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. China Traditional Chinese Medicine Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.42%.

China Traditional Chinese Medicine Holdings Co ROCE % Historical Data

The historical data trend for China Traditional Chinese Medicine Holdings Co'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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China Traditional Chinese Medicine Holdings Co ROCE % Chart

China Traditional Chinese Medicine Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.31

10.86

10.47

3.80

5.29

China Traditional Chinese Medicine Holdings Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.59	4.19	3.78	6.06	4.42

China Traditional Chinese Medicine Holdings Co ROCE % Calculation

China Traditional Chinese Medicine Holdings Co'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 )
	=	1557.08	/	( ( (39796.337 - 11281.928)	+	(40544.576 - 10207.801) )	/ 2 )
	=	1557.08	/	( (28514.409	+	30336.775)	/ 2 )
	=	1557.08	/	29425.592
	=	5.29 %

China Traditional Chinese Medicine Holdings Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1337.316	/	( ( (42018.108 - 11896.483)	+	(40544.576 - 10207.801) )	/ 2 )
	=	1337.316	/	( ( 30121.625	+	30336.775 )	/ 2 )
	=	1337.316	/	30229.2
	=	4.42 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Traditional Chinese Medicine Holdings Co (HKSE:00570) 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.

China Traditional Chinese Medicine Holdings Co ROCE % Related Terms

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China Traditional Chinese Medicine Holdings Co (HKSE:00570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Traditional Chinese Medicine Holdings Co Ltd (HKSE:00570) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WSG:Germany

Address

288 Hennessy Road, Room 1601, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.china-tcm.com.cn

China Traditional Chinese Medicine Holdings Co Ltd is engaged in the Chinese healthcare sector. The company functions through five segments, finished drugs; concentrated TCM granules; TCM decoction pieces; TCM healthcare complex, and Local TCM integrated operation. It generates maximum revenue from the concentrated TCM granules segment. Geographically, it derives a majority of its revenue from Mainland China.

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