China Tian Yuan Healthcare Group (HKSE:00557) ROCE % : -12.15% (As of Dec. 2023)

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What is China Tian Yuan 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 Tian Yuan Healthcare Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.15%.

China Tian Yuan Healthcare Group ROCE % Historical Data

The historical data trend for China Tian Yuan 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 Tian Yuan Healthcare Group ROCE % Chart

China Tian Yuan Healthcare Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-30.56

-31.52

-4.23

-11.56

-9.24

China Tian Yuan Healthcare Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.98	-12.33	-10.86	-6.42	-12.15

China Tian Yuan Healthcare Group ROCE % Calculation

China Tian Yuan 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 )
	=	-25.235	/	( ( (333.545 - 44.233)	+	(302.954 - 46.185) )	/ 2 )
	=	-25.235	/	( (289.312	+	256.769)	/ 2 )
	=	-25.235	/	273.0405
	=	-9.24 %

China Tian Yuan 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 )
	=	-32.334	/	( ( (319.39 - 43.725)	+	(302.954 - 46.185) )	/ 2 )
	=	-32.334	/	( ( 275.665	+	256.769 )	/ 2 )
	=	-32.334	/	266.217
	=	-12.15 %

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

China Tian Yuan Healthcare Group (HKSE:00557) 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 Tian Yuan Healthcare Group ROCE % Related Terms

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China Tian Yuan Healthcare Group (HKSE:00557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Tian Yuan Healthcare Group Ltd (HKSE:00557) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room Nos. 4901, 49th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

http://www.tianyuanhealthcare.com

China Tian Yuan Healthcare Group Ltd is an investment holding company with an interest primarily in the hospitality sector. Its segment includes Investment holding, Hospitality, Healthcare, Money lending and related business. The investment Holding segment invests in listed equity investments and unlisted marketable equitable equity mutual funds. The hospitality segment offers procurement services to the hospitality industry. The Healthcare segment provides procurement, marketing, and management services to the medical industry. The Money Lending and Related Business segment comprise referral and handling fees receivable, interests earned from the provision related business of loans to third parties. Geographically, it generates a majority of its revenue from the China.

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