China Medical & HealthCare Group (HKSE:00383) ROCE % : 4.53% (As of Dec. 2023)

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What is China Medical & HealthCare 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. China Medical & HealthCare Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.53%.

China Medical & HealthCare Group ROCE % Historical Data

The historical data trend for China Medical & HealthCare 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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China Medical & HealthCare Group ROCE % Chart

China Medical & HealthCare Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.64

-2.13

-2.35

-2.73

3.64

China Medical & HealthCare Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.04	-0.71	-4.89	2.67	4.53

China Medical & HealthCare Group ROCE % Calculation

China Medical & HealthCare 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 )
	=	83.211	/	( ( (3232.534 - 1130.718)	+	(3617.395 - 1144.872) )	/ 2 )
	=	83.211	/	( (2101.816	+	2472.523)	/ 2 )
	=	83.211	/	2287.1695
	=	3.64 %

China Medical & HealthCare Group'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 )
	=	107.778	/	( ( (3439.059 - 1155.261)	+	(3617.395 - 1144.872) )	/ 2 )
	=	107.778	/	( ( 2283.798	+	2472.523 )	/ 2 )
	=	107.778	/	2378.1605
	=	4.53 %

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

China Medical & HealthCare Group (HKSE:00383) 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 Medical & HealthCare Group ROCE % Related Terms

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China Medical & HealthCare Group (HKSE:00383) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Medical & HealthCare Group Ltd (HKSE:00383) » Definitions » ROCE %

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COLRF:USA SMI:Germany

Address

333 Lockhart Road, 47th Floor, United Asia Finance Centre, Wanchai, Hong Kong, HKG

Website

http://www.cmhg.com.hk

China Medical & HealthCare Group Ltd is a healthcare company operating hospitals. Its main focus is on the investment, management, and operations of healthcare and hospital businesses, eldercare businesses, trading of medical equipment and related supplies, property investment and development, securities trading and investments, provision of financial services, and strategic investment. It operates through the following business segments: Healthcare, Eldercare; Property development; Property investment; Financial services; and Securities trading and investments. The firm generates the majority of revenue from the Healthcare segment that is engaged in the operations of hospitals in the PRC.

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