Oneness Biotech Co (ROCO:4743) ROCE % : -14.53% (As of Sep. 2024)

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What is Oneness Biotech 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. Oneness Biotech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -14.53%.

Oneness Biotech Co ROCE % Historical Data

The historical data trend for Oneness Biotech 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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Oneness Biotech Co ROCE % Chart

Oneness Biotech Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-10.19

-6.94

-2.21

-2.54

2.95

Oneness Biotech Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-8.46	-5.87	-2.19	-4.54	-14.53

Oneness Biotech Co ROCE % Calculation

Oneness Biotech Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	456.224	/	( ( (15731.044 - 157.235)	+	(15580.385 - 208.604) )	/ 2 )
	=	456.224	/	( (15573.809	+	15371.781)	/ 2 )
	=	456.224	/	15472.795
	=	2.95 %

Oneness Biotech Co'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 )
	=	-2088.064	/	( ( (14756.987 - 172.653)	+	(14341.338 - 186.165) )	/ 2 )
	=	-2088.064	/	( ( 14584.334	+	14155.173 )	/ 2 )
	=	-2088.064	/	14369.7535
	=	-14.53 %

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

Oneness Biotech Co (ROCO:4743) 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.

Oneness Biotech Co ROCE % Related Terms

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Oneness Biotech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oneness Biotech Co Ltd (ROCO:4743) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 66, Section. 1, Zhongxiao West Road, 35th Floor, Zhongzheng District, Taipei, TWN, 100

Website

https://www.onenessbio.com.tw

Oneness Biotech Co Ltd is a Taiwan based biopharmaceutical company. The company develops healthcare drugs. Its products are used for chronic diabetic, dengue hemorrhagic fever, and Rheumatoid Arthritis. The company's operating segment includes New Drug Research and Development and Agricultural Products Cultivation. It generates maximum revenue from New Drug Research and Development segment.

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