Town Health International Medical Group (HKSE:03886) ROCE % : -8.34% (As of Dec. 2023)

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What is Town Health International Medical 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. Town Health International Medical Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.34%.

Town Health International Medical Group ROCE % Historical Data

The historical data trend for Town Health International Medical 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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Town Health International Medical Group ROCE % Chart

Town Health International Medical Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.02

-5.27

3.06

2.22

-2.39

Town Health International Medical 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															3.61	0.50	4.00	3.31	-8.34

Town Health International Medical Group ROCE % Calculation

Town Health International Medical 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 )
	=	-97.447	/	( ( (4749.68 - 494.319)	+	(4500.566 - 597.372) )	/ 2 )
	=	-97.447	/	( (4255.361	+	3903.194)	/ 2 )
	=	-97.447	/	4079.2775
	=	-2.39 %

Town Health International Medical 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 )
	=	-332.924	/	( ( (4668.572 - 585.6)	+	(4500.566 - 597.372) )	/ 2 )
	=	-332.924	/	( ( 4082.972	+	3903.194 )	/ 2 )
	=	-332.924	/	3993.083
	=	-8.34 %

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

Town Health International Medical Group (HKSE:03886) 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.

Town Health International Medical Group ROCE % Related Terms

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Town Health International Medical Group (HKSE:03886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Town Health International Medical Group Ltd (HKSE:03886) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

10-12 Yuen Shun Circuit, 6th Floor, Town Health Technology Centre, Siu Lek Yuen, New Territories, Shatin, Hong Kong, HKG

Website

https://www.townhealth.com

Town Health International Medical Group Ltd is a Chinese healthcare services company. The company operates in the following business segments: Hong Kong medical services, which provides medical and dental services in Hong Kong; Hong Kong managed care business manages healthcare networks and provision of third-party medical networks; Mainland hospital management and medical services, which provides medical and dental services in the PRC; and Others, provides miscellaneous healthcare-related services and leasing of properties.

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