Shenzhen Mindray Bio-Medical Electronics Co (SZSE:300760) ROCE % : 40.64% (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Shenzhen Mindray Bio-Medical Electronics 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. Shenzhen Mindray Bio-Medical Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 40.64%.

Shenzhen Mindray Bio-Medical Electronics Co ROCE % Historical Data

The historical data trend for Shenzhen Mindray Bio-Medical Electronics 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.

* Premium members only.

Shenzhen Mindray Bio-Medical Electronics Co ROCE % Chart

Shenzhen Mindray Bio-Medical Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

33.84

28.62

33.06

33.02

34.02

Shenzhen Mindray Bio-Medical Electronics Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															42.21	20.58	32.15	48.18	40.64

Shenzhen Mindray Bio-Medical Electronics Co ROCE % Calculation

Shenzhen Mindray Bio-Medical Electronics 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 )
	=	10964.237	/	( ( (38103.023 - 8629.073)	+	(46745.237 - 11769.813) )	/ 2 )
	=	10964.237	/	( (29473.95	+	34975.424)	/ 2 )
	=	10964.237	/	32224.687
	=	34.02 %

Shenzhen Mindray Bio-Medical Electronics 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 )
	=	15521.86	/	( ( (47540.803 - 11012.687)	+	(49992.718 - 10132.551) )	/ 2 )
	=	15521.86	/	( ( 36528.116	+	39860.167 )	/ 2 )
	=	15521.86	/	38194.1415
	=	40.64 %

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

Shenzhen Mindray Bio-Medical Electronics Co (SZSE:300760) 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.

Shenzhen Mindray Bio-Medical Electronics Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shenzhen Mindray Bio-Medical Electronics Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Mindray Bio-Medical Electronics Co (SZSE:300760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shenzhen Mindray Bio-Medical Electronics Co Ltd (SZSE:300760) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keji 12th Road South, Mindray Building, Hi-tech Industrial Park, Nanshan, Shenzhen, CHN, 518057

Website

http://www.mindray.com

Shenzhen Mindray Bio-Medical Electronics Co Ltd is a developer, manufacturer, and supplier of medical devices. The company is focused on the medical industry in the fields of Patient Monitoring & Life Support, InVitro Diagnostics, and Medical Imaging.

Shenzhen Mindray Bio-Medical Electronics Co (SZSE:300760) Headlines

No Headlines