Sanbo Hospital Management Group (SZSE:301293) ROCE % : 7.39% (As of Mar. 2024)

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What is Sanbo Hospital Management 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. Sanbo Hospital Management Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.39%.

Sanbo Hospital Management Group ROCE % Historical Data

The historical data trend for Sanbo Hospital Management 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.

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Sanbo Hospital Management Group ROCE % Chart

Sanbo Hospital Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.68

8.70

8.80

7.16

5.97

Sanbo Hospital Management Group Quarterly Data
	Dec17	Dec18	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															9.71	6.79	6.09	2.05	7.39

Sanbo Hospital Management Group ROCE % Calculation

Sanbo Hospital Management 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 )
	=	127.988	/	( ( (1938.854 - 342.803)	+	(3134.087 - 442.428) )	/ 2 )
	=	127.988	/	( (1596.051	+	2691.659)	/ 2 )
	=	127.988	/	2143.855
	=	5.97 %

Sanbo Hospital Management 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 )
	=	200.908	/	( ( (3134.087 - 442.428)	+	(3091.517 - 348.529) )	/ 2 )
	=	200.908	/	( ( 2691.659	+	2742.988 )	/ 2 )
	=	200.908	/	2717.3235
	=	7.39 %

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

Sanbo Hospital Management Group (SZSE:301293) 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.

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Sanbo Hospital Management Group (SZSE:301293) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sanbo Hospital Management Group Ltd (SZSE:301293) » Definitions » ROCE %

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Address

No. 50 Yikesong, Xiangshan Road, Room 105, Building No. 23, Haidian District, Haidian District, CHN, Haidian District

Website

https://www.sbnkjt.com

Sanbo Hospital Management Group Ltd is a neurology medical group engaged in clinical medical services. It adheres to the vision of expertise in medicine, education, and research, advocates the coordinated development of medical treatment, teaching, and scientific research, and promotes the company's basic research and development in neurology. The company hosts/co-organizes several academic conferences, covering neurosurgery, neurology, anesthesia, nursing, etc., and actively promotes academic exchanges. The company has held more than 90 national, provincial and municipal continuing education projects and classes, and has trained nearly 6,000 people in total, to improve the diagnosis and treatment of neurologists at the grassroots level. The company operates in a chain of hospitals.

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