Bionet (ROCO:1784) ROCE % : 3.01% (As of Sep. 2024)

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What is Bionet 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. Bionet's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.01%.

Bionet ROCE % Historical Data

The historical data trend for Bionet'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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Bionet ROCE % Chart

Bionet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.67

0.44

2.73

4.53

5.94

Bionet Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.38	1.52	6.50	4.56	3.01

Bionet ROCE % Calculation

Bionet'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 )
	=	107.494	/	( ( (1838.69 - 244.302)	+	(2348.639 - 324.918) )	/ 2 )
	=	107.494	/	( (1594.388	+	2023.721)	/ 2 )
	=	107.494	/	1809.0545
	=	5.94 %

Bionet's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	73.528	/	( ( (2809.657 - 419.784)	+	(2921.897 - 418.926) )	/ 2 )
	=	73.528	/	( ( 2389.873	+	2502.971 )	/ 2 )
	=	73.528	/	2446.422
	=	3.01 %

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

Bionet (ROCO:1784) 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.

Bionet ROCE % Related Terms

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Bionet Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Bionet Corp (ROCO:1784) » Definitions » ROCE %

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Address

No.28, Lane 36, Xinhu 1st Road, Neihu District, Taipei, TWN, 114065

Website

https://www.bionettx.com

Bionet Corp provides blood bank and stem cell services. It is a preservation center for stem cells such as Umbilical Cord Mesenchymal Stem Cells and Dental Pulp Stem Cell Stem.

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