MedSci Healthcare Holdings (HKSE:02415) ROCE % : 8.47% (As of Dec. 2023)

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What is MedSci Healthcare Holdings 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. MedSci Healthcare Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.47%.

MedSci Healthcare Holdings ROCE % Historical Data

The historical data trend for MedSci Healthcare Holdings'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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MedSci Healthcare Holdings ROCE % Chart

MedSci Healthcare Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

16.83

-40.23

-16.39

7.08

MedSci Healthcare Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-38.29	3.90	3.02	8.47

MedSci Healthcare Holdings ROCE % Calculation

MedSci Healthcare Holdings'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 )
	=	66.421	/	( ( (833.644 - 182.922)	+	(1417.101 - 190.95) )	/ 2 )
	=	66.421	/	( (650.722	+	1226.151)	/ 2 )
	=	66.421	/	938.4365
	=	7.08 %

MedSci Healthcare Holdings'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 )
	=	104.314	/	( ( (1412.217 - 174.684)	+	(1417.101 - 190.95) )	/ 2 )
	=	104.314	/	( ( 1237.533	+	1226.151 )	/ 2 )
	=	104.314	/	1231.842
	=	8.47 %

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

MedSci Healthcare Holdings (HKSE:02415) 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.

MedSci Healthcare Holdings ROCE % Related Terms

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MedSci Healthcare Holdings (HKSE:02415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MedSci Healthcare Holdings Ltd (HKSE:02415) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Xinzhuan Road, 18th Floor, Building 34, Songjiang District, Shanghai, CHN

Website

https://ir.medsci.cn

MedSci Healthcare Holdings Ltd is an investment holding company. It operates online professional physician platforms in China. The principal activities of the Company are the provision of physician platform solutions, precision omni-channel marketing solutions, and real-world study solutions in the People's Republic of China.

Executives

Li Xinmei	2202 Interest of your spouse
Zhang Fabao	2201 Interest of corporation controlled by you
Dtx Health Limited	2101 Beneficial owner
Yu Jia	2201 Interest of corporation controlled by you
Dragon Step Ventures Limited	2101 Beneficial owner
Shanghai Qichang Investment Consulting Co., Ltd.	2201 Interest of corporation controlled by you
Suzhou Qicheng Investment Management Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Suzhou Qiming Ronghe Venture Capital Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Image Frame Investment (hk) Limited
Tencent Holdings Limited
Microhealth Limited	2101 Beneficial owner
Hu Xubo	2201 Interest of corporation controlled by you
Meiyue Limited	2101 Beneficial owner

MedSci Healthcare Holdings (HKSE:02415) Headlines

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