Mediwelcome Healthcare Management & Technology (HKSE:02159) ROCE % : -38.97% (As of Jun. 2024)

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What is Mediwelcome Healthcare Management & Technology 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. Mediwelcome Healthcare Management & Technology's annualized ROCE % for the quarter that ended in Jun. 2024 was -38.97%.

Mediwelcome Healthcare Management & Technology ROCE % Historical Data

The historical data trend for Mediwelcome Healthcare Management & Technology'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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Mediwelcome Healthcare Management & Technology ROCE % Chart

Mediwelcome Healthcare Management & Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.89

13.98

2.75

-32.71

-56.56

Mediwelcome Healthcare Management & Technology Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								-33.36	-35.19	-38.88	-78.68	-38.97

Mediwelcome Healthcare Management & Technology ROCE % Calculation

Mediwelcome Healthcare Management & Technology'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 )
	=	-103.99	/	( ( (354.921 - 120.69)	+	(234.417 - 100.924) )	/ 2 )
	=	-103.99	/	( (234.231	+	133.493)	/ 2 )
	=	-103.99	/	183.862
	=	-56.56 %

Mediwelcome Healthcare Management & Technology'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 )
	=	-47.366	/	( ( (234.417 - 100.924)	+	(227.735 - 118.117) )	/ 2 )
	=	-47.366	/	( ( 133.493	+	109.618 )	/ 2 )
	=	-47.366	/	121.5555
	=	-38.97 %

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

Mediwelcome Healthcare Management & Technology (HKSE:02159) 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.

Mediwelcome Healthcare Management & Technology ROCE % Related Terms

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Mediwelcome Healthcare Management & Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Mediwelcome Healthcare Management & Technology Inc (HKSE:02159) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 East 4th Ring Road, 10th Floor-12th Floor, Parkview Place, Chaoyang District, Beijing, CHN

Website

https://www.mediwelcome.com

Mediwelcome Healthcare Management & Technology Inc provides medical conference services, patient education and screening services, and marketing plan and consulting services.

Executives

Zhang Yitao	2401 A concert party to an agreement to buy shares
Shi Wei
Yang Weimin	2401 A concert party to an agreement to buy shares
Wang Liang
He Hui Wan Yi Investment Management Company Limited	2101 Beneficial owner
Ji Ze Investment Management Company Limited	2101 Beneficial owner
Shun Jia Investment Management Company Limited	2101 Beneficial owner
Tai Zhi Feng Investment Management Company Limited	2101 Beneficial owner
Great Insight Global Limited	2306 Nominee for another person
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee

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