New Century Healthcare Holdings Co (HKSE:01518) ROCE % : 24.54% (As of Jun. 2024)

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What is New Century Healthcare Holdings 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. New Century Healthcare Holdings Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 24.54%.

New Century Healthcare Holdings Co ROCE % Historical Data

The historical data trend for New Century Healthcare Holdings 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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New Century Healthcare Holdings Co ROCE % Chart

New Century Healthcare Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.60

-23.38

-4.20

-34.08

29.41

New Century Healthcare Holdings Co Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-53.85	-16.70	23.49	35.62	24.54

New Century Healthcare Holdings Co ROCE % Calculation

New Century Healthcare Holdings Co'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 )
	=	191.046	/	( ( (1006.589 - 372.773)	+	(1032.957 - 367.485) )	/ 2 )
	=	191.046	/	( (633.816	+	665.472)	/ 2 )
	=	191.046	/	649.644
	=	29.41 %

New Century Healthcare Holdings Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	164.542	/	( ( (1032.957 - 367.485)	+	(1005.154 - 329.698) )	/ 2 )
	=	164.542	/	( ( 665.472	+	675.456 )	/ 2 )
	=	164.542	/	670.464
	=	24.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

New Century Healthcare Holdings Co (HKSE:01518) 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.

New Century Healthcare Holdings Co ROCE % Related Terms

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New Century Healthcare Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » New Century Healthcare Holdings Co Ltd (HKSE:01518) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Nanlishi Road, Xicheng District, Beijing, CHN, 100045

Website

https://www.ncich.com.cn

New Century Healthcare Holdings Co Ltd is an investment holding company engaged in the healthcare industry. It specializes in the provision of medical services which include the segments of Pediatrics, Obstetrics and Gynecology, Hospital consulting services, and Others. The group's revenue is mostly derived from activities in the PRC. A majority of income is generated from the Pediatrics segment.

Executives

Cdh Equity Investment Management (tianjin) Co., Ltd.	2201 Interest of corporation controlled by you
Jiao Shuge	2201 Interest of corporation controlled by you
Tianjin Haoyong Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tianjin Taiding Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tianjin Weiyuan Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Wu Shangzhi	2201 Interest of corporation controlled by you
Zhou Jason	2201 Interest of corporation controlled by you
Liang Yanqing	2201 Interest of corporation controlled by you

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