Health & Life Co (ROCO:1781) ROCE % : -13.34% (As of Jun. 2024)

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What is Health & Life 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. Health & Life Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -13.34%.

Health & Life Co ROCE % Historical Data

The historical data trend for Health & Life 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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Health & Life Co ROCE % Chart

Health & Life Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.17

62.28

-16.50

-2.88

-8.20

Health & Life Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-17.69	29.70	-31.74	18.44	-13.34

Health & Life Co ROCE % Calculation

Health & Life 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 )
	=	-32.287	/	( ( (799.759 - 373.589)	+	(710.788 - 349.359) )	/ 2 )
	=	-32.287	/	( (426.17	+	361.429)	/ 2 )
	=	-32.287	/	393.7995
	=	-8.20 %

Health & Life 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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-48.284	/	( ( (637.656 - 265.773)	+	(628.203 - 276.151) )	/ 2 )
	=	-48.284	/	( ( 371.883	+	352.052 )	/ 2 )
	=	-48.284	/	361.9675
	=	-13.34 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Health & Life Co (ROCO:1781) 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.

Health & Life Co ROCE % Related Terms

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Health & Life Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Health & Life Co Ltd (ROCO:1781) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jian 1st Road, 9th Floor, No-186, New Taipei City, TWN

Website

http://www.hlmt.com.tw

Health & Life Co Ltd manufactures medical devices in the fields of cardiovascular disease and in-vitro diagnostics in Taiwan. Its product portfolio includes blood pressure monitor series, nebulizer, and blood glucose monitoring system, blood glucose stripes and Thermometer.

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