Health Empire (BKK:HEALTH) ROCE % : -108.93% (As of Dec. 2023)

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What is Health Empire 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. Health Empire's annualized ROCE % for the quarter that ended in Dec. 2023 was -108.93%.

Health Empire ROCE % Historical Data

The historical data trend for Health Empire'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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Health Empire ROCE % Chart

Health Empire Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-95.98

-142.88

-8.90

-41.11

-31.05

Health Empire Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-159.30	-2.79	-7.77	-4.82	-108.93

Health Empire ROCE % Calculation

Health Empire'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 )
	=	-264.251	/	( ( (1031.492 - 48.936)	+	(760.288 - 40.723) )	/ 2 )
	=	-264.251	/	( (982.556	+	719.565)	/ 2 )
	=	-264.251	/	851.0605
	=	-31.05 %

Health Empire'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-908.944	/	( ( (991.542 - 42.225)	+	(760.288 - 40.723) )	/ 2 )
	=	-908.944	/	( ( 949.317	+	719.565 )	/ 2 )
	=	-908.944	/	834.441
	=	-108.93 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Health Empire (BKK:HEALTH) 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.

Health Empire ROCE % Related Terms

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Health Empire (BKK:HEALTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Health Empire Corp PLC (BKK:HEALTH) » Definitions » ROCE %

Comparable Companies

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Address

Rama 9 Road, 20th Floor, Room No., Office 2, No. 51 Major Tower Rama 9 - Ramkhamhaeng, Hua Mak Sub-District, Bangkapi District, Bangkok, THA, 10240

Website

https://www.hempcorp.co.th

Health Empire Corp PLC, formerly MPG Corporation PCL is engaged in wholesale, retail, distribution, import, export, production, contract production, and distribution of medication, modern medicine, traditional medicine, Thai traditional medicine, herbal medicine, herbal products, chemicals, medical supplies, pharmaceutical products, cosmeceutical products, medical equipment, health and beauty products, cosmetics, beauty products, personal hygiene products, dietary supplements, vitamins, minerals, food and beverage for dietary. Geographically, all the operations function through the regions of Thailand.

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