Xi'an International Medical Investment Co (SZSE:000516) ROCE %

: 2.40% (As of Sep. 2023)

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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. Xi'an International Medical Investment Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.40%.

Xi'an International Medical Investment Co ROCE % Historical Data

The historical data trend for Xi'an International Medical Investment 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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Xi'an International Medical Investment Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

59.94

-4.46

1.88

-7.75

-10.82

Xi'an International Medical Investment Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																-8.21	-11.52	-2.36	-5.95	2.40

Xi'an International Medical Investment Co ROCE % Calculation

Xi'an International Medical Investment 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 )
	=	-949.771	/	( ( (13320.276 - 3495.587)	+	(13264.224 - 5528.795) )	/ 2 )
	=	-949.771	/	( (9824.689	+	7735.429)	/ 2 )
	=	-949.771	/	8780.059
	=	-10.82 %

Xi'an International Medical Investment 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 )
	=	178.612	/	( ( (13299.881 - 5918.599)	+	(11115.603 - 3636.751) )	/ 2 )
	=	178.612	/	( ( 7381.282	+	7478.852 )	/ 2 )
	=	178.612	/	7430.067
	=	2.40 %

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

Xi'an International Medical Investment Co (SZSE:000516) 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.

Xi'an International Medical Investment Co ROCE % Related Terms

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Xi'an International Medical Investment Co (SZSE:000516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Xi'an International Medical Investment Co Ltd (SZSE:000516) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tuanjie South Road, 5th Floor, Security Building, High-tech Zone, Shanxi Province, Xi'an, CHN, 710075

Website

http://www.000516.cn

Xi'an International Medical Investment Co Ltd is engaged in department stores in China. It is also involved in resources, finance and commercial real estate investment management.

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