Mytrex Health Technologies (ROCO:4431) ROCE % : -7.79% (As of Dec. 2023)

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What is Mytrex Health Technologies 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. Mytrex Health Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.79%.

Mytrex Health Technologies ROCE % Historical Data

The historical data trend for Mytrex Health Technologies'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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Mytrex Health Technologies ROCE % Chart

Mytrex Health Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.30

65.35

-1.27

-5.63

-5.23

Mytrex Health Technologies 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															-9.57	-0.46	-10.95	-3.58	-7.79

Mytrex Health Technologies ROCE % Calculation

Mytrex Health Technologies'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 )
	=	-50.941	/	( ( (1488.054 - 357.421)	+	(1258.189 - 441.752) )	/ 2 )
	=	-50.941	/	( (1130.633	+	816.437)	/ 2 )
	=	-50.941	/	973.535
	=	-5.23 %

Mytrex Health Technologies'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 )
	=	-65.95	/	( ( (1240.692 - 363.23)	+	(1258.189 - 441.752) )	/ 2 )
	=	-65.95	/	( ( 877.462	+	816.437 )	/ 2 )
	=	-65.95	/	846.9495
	=	-7.79 %

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

Mytrex Health Technologies (ROCO:4431) 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.

Mytrex Health Technologies ROCE % Related Terms

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Mytrex Health Technologies (ROCO:4431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mytrex Health Technologies Inc (ROCO:4431) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 545, Sec. 2, Hezun North Road, Zhongli District, Taoyuan, TWN, 32060

Website

http://www.mytrex.com.tw

Mytrex Health Technologies Inc is a Taiwan-based company engaged in the manufacturing of non-woven materials and special medical supplies. It is engaged in the development and production of melt-blown products for the protection of the environment and human health. The company offers products ranging from medical to industrial filtration materials such as various types of filtration media, lab coats or outfits, cabin filtration, vacuum cleaner filter bags, and special medical supplies. Its product categories include meltdown, mammoth bedding, and specialized medical supplies like balloon catheters and coronary stents.

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