Shanghai United Imaging Healthcare Co (SHSE:688271) ROCE % : 2.64% (As of Sep. 2023)

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What is Shanghai United Imaging Healthcare 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. Shanghai United Imaging Healthcare Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.64%.

Shanghai United Imaging Healthcare Co ROCE % Historical Data

The historical data trend for Shanghai United Imaging Healthcare 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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Shanghai United Imaging Healthcare Co ROCE % Chart

Shanghai United Imaging Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-2.62

2.14

28.37

31.86

16.03

Shanghai United Imaging Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									4.63	20.41	7.87	14.65	2.64

Shanghai United Imaging Healthcare Co ROCE % Calculation

Shanghai United Imaging Healthcare Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1926.22	/	( ( (10361.883 - 4517.787)	+	(24204.518 - 6011.774) )	/ 2 )
	=	1926.22	/	( (5844.096	+	18192.744)	/ 2 )
	=	1926.22	/	12018.42
	=	16.03 %

Shanghai United Imaging Healthcare Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	496.968	/	( ( (24561.604 - 5574.887)	+	(24244.597 - 5567.976) )	/ 2 )
	=	496.968	/	( ( 18986.717	+	18676.621 )	/ 2 )
	=	496.968	/	18831.669
	=	2.64 %

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

Shanghai United Imaging Healthcare Co (SHSE:688271) 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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Shanghai United Imaging Healthcare Co (SHSE:688271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai United Imaging Healthcare Co Ltd (SHSE:688271) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2258, Chengbei Road, Jiading District, Shanghai, CHN, 201807

Website

https://www.united-imaging.com

Shanghai United Imaging Healthcare Co Ltd is dedicated to providing, developing and producing high-performance advanced medical imaging, radiotherapy equipment, life science instruments and offers intelligent digital solutions to customers worldwide.

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