Vincent Medical Holdings (HKSE:01612) ROCE % : 13.22% (As of Dec. 2023)

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What is Vincent Medical Holdings 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. Vincent Medical Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.22%.

Vincent Medical Holdings ROCE % Historical Data

The historical data trend for Vincent Medical Holdings'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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Vincent Medical Holdings ROCE % Chart

Vincent Medical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.86

54.89

11.16

-2.25

12.94

Vincent Medical Holdings Semi-Annual Data
	Dec13	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															7.10	-14.61	11.23	12.98	13.22

Vincent Medical Holdings ROCE % Calculation

Vincent Medical Holdings'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 )
	=	68.597	/	( ( (726.699 - 216.571)	+	(786.609 - 236.627) )	/ 2 )
	=	68.597	/	( (510.128	+	549.982)	/ 2 )
	=	68.597	/	530.055
	=	12.94 %

Vincent Medical Holdings'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 )
	=	70.552	/	( ( (690.015 - 172.964)	+	(786.609 - 236.627) )	/ 2 )
	=	70.552	/	( ( 517.051	+	549.982 )	/ 2 )
	=	70.552	/	533.5165
	=	13.22 %

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

Vincent Medical Holdings (HKSE:01612) 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.

Vincent Medical Holdings ROCE % Related Terms

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Vincent Medical Holdings (HKSE:01612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Vincent Medical Holdings Ltd (HKSE:01612) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tak Fung Street, Units 1604-07A, 16th Floor, Two Harbourfront, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.vincentmedical.com

Vincent Medical Holdings Ltd is an investment holding company engaged in the manufacturing and selling of medical devices. The company operates in two segments: OEM (original equipment manufacturing) and OBM (original brand manufacturing). The OEM segment manufactures products as per the customer requirement. The OBM segment includes research, development, manufacturing, marketing, and sales of medical devices under Inspired Medical, Hand of Hope, and Hypnus brands. Its product categories include Respiratory products, Imaging disposable products, Orthopaedic and rehabilitation products, and Others. Its geographical segments are United States, The PRC, Japan, Costa Rica, The Netherlands, Spain, Germany, Hong Kong, Turkey, Canada, India, Thailand, Vietnam and Others.

Executives

Choi Man Shing	2101 Beneficial owner
Liu Pui Ching	2202 Interest of your spouse
Vincent Raya International Limited

Vincent Medical Holdings (HKSE:01612) Headlines

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