Andon Health Co (SZSE:002432) ROCE % : 6.69% (As of Mar. 2024)

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What is Andon Health 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. Andon Health Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.69%.

Andon Health Co ROCE % Historical Data

The historical data trend for Andon Health 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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Andon Health Co ROCE % Chart

Andon Health Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.55

12.96

41.35

153.31

7.58

Andon Health Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															17.09	3.53	1.50	7.86	6.69

Andon Health Co ROCE % Calculation

Andon Health 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 )
	=	1592.773	/	( ( (21730.644 - 798.775)	+	(22619.117 - 1517.21) )	/ 2 )
	=	1592.773	/	( (20931.869	+	21101.907)	/ 2 )
	=	1592.773	/	21016.888
	=	7.58 %

Andon Health Co'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 )
	=	1440.624	/	( ( (22619.117 - 1517.21)	+	(23374.667 - 1396.628) )	/ 2 )
	=	1440.624	/	( ( 21101.907	+	21978.039 )	/ 2 )
	=	1440.624	/	21539.973
	=	6.69 %

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

Andon Health Co (SZSE:002432) 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.

Andon Health Co ROCE % Related Terms

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Andon Health Co (SZSE:002432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Andon Health Co Ltd (SZSE:002432) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7/F Hua Qiao Chuang Ye Plaza, No. 10 Jin Ping Road, Ya An Street, Tianjin, Nankal District, CHN, 300190

Website

http://www.jiuan.com

Andon Health Co Ltd is a China-based company. It is principally engaged in the research and development, manufacture and distribution of medical instruments. Its main products include a blood pressure monitor, blood glucose monitor, TENS, electrical muscle stimulator, electronic pulse massager, and a digital thermometer.

Executives

Wang Yong	Directors, executives
Wu Tong	Secretary Dong
Cong Ming	Executives, directors
Sun Zhe	Executives
Liu Yi	Director
Li Zhi Yi	Directors, executives
Yu You Xin	Supervisors
Zhang Feng Yun	Executives
Yao Kai	Supervisors

Andon Health Co (SZSE:002432) Headlines

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