Beijing Health (Holdings) (HKSE:02389) ROCE % : -6.13% (As of Jun. 2024)

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What is Beijing Health (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. Beijing Health (Holdings)'s annualized ROCE % for the quarter that ended in Jun. 2024 was -6.13%.

Beijing Health (Holdings) ROCE % Historical Data

The historical data trend for Beijing Health (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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Beijing Health (Holdings) ROCE % Chart

Beijing Health (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.48

-7.56

-1.72

-4.20

-3.21

Beijing Health (Holdings) Semi-Annual Data
	Dec14	Jun15	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															-2.82	-5.74	-1.75	-4.69	-6.13

Beijing Health (Holdings) ROCE % Calculation

Beijing Health (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 )
	=	-68.402	/	( ( (2415.431 - 182.341)	+	(2178.371 - 148.733) )	/ 2 )
	=	-68.402	/	( (2233.09	+	2029.638)	/ 2 )
	=	-68.402	/	2131.364
	=	-3.21 %

Beijing Health (Holdings)'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 )
	=	-120.492	/	( ( (2178.371 - 148.733)	+	(2031.707 - 128.048) )	/ 2 )
	=	-120.492	/	( ( 2029.638	+	1903.659 )	/ 2 )
	=	-120.492	/	1966.6485
	=	-6.13 %

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

Beijing Health (Holdings) (HKSE:02389) 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.

Beijing Health (Holdings) ROCE % Related Terms

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Beijing Health (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Beijing Health (Holdings) Ltd (HKSE:02389) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

909 Cheung Sha Wan Road, Unit 2704, 27th Floor, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.bjhl.com.hk

Beijing Health (Holdings) Ltd is engaged in the provision of medical care, health care, and geriatric care-related services and products in the PRC. Its geographical segments are Mainland China and the Middle East.

Executives

Lin Chih-lung	2101 Beneficial owner
China Vista Capital Limited	2101 Beneficial owner
China Vista Investment Limited	2201 Interest of corporation controlled by you
Beijing Financial Investment Holdings Limited	2106 Person having a security interest in shares
Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Real Estate (hk) Limited	2201 Interest of corporation controlled by you
Beijing Properties (holdings) Limited	2201 Interest of corporation controlled by you
Cosmic Stand International Limited	2101 Beneficial owner

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