United Orthopedic (ROCO:4129A.PFD) ROCE % : 11.87% (As of Dec. 2024)

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What is United Orthopedic 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. United Orthopedic's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.87%.

United Orthopedic ROCE % Historical Data

The historical data trend for United Orthopedic'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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United Orthopedic ROCE % Chart

United Orthopedic Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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3.56

2.55

9.09

13.17

13.60

United Orthopedic Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.17	11.86	14.17	17.21	11.87

United Orthopedic ROCE % Calculation

United Orthopedic's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	618.294	/	( ( (6416.87 - 1890.865)	+	(7039.487 - 2470.798) )	/ 2 )
	=	618.294	/	( (4526.005	+	4568.689)	/ 2 )
	=	618.294	/	4547.347
	=	13.60 %

United Orthopedic's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	535.796	/	( ( (6849.536 - 2393.296)	+	(7039.487 - 2470.798) )	/ 2 )
	=	535.796	/	( ( 4456.24	+	4568.689 )	/ 2 )
	=	535.796	/	4512.4645
	=	11.87 %

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

United Orthopedic (ROCO:4129A.PFD) 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.

United Orthopedic ROCE % Related Terms

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United Orthopedic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » United Orthopedic Corp (ROCO:4129A.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4129:Taiwan

Address

No. 57, Second Road, First Floor, Hsinchu Science and Technology Park, New Taipei City, TWN, 23452

Website

https://www.uoc.com.tw

United Orthopedic Corp manufactures, develops, and distributes medical equipment such as orthopedic implants and precision medical devices. Its product line includes hip replacement systems, knee replacement systems, as well as oncology and custom implants. Its solutions are used to perform total hip/knee replacements and revisions, plus clinical education, service, and support for surgeons and hospitals.

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