Shanghai Topcare Medical Services Co (SHSE:600532) ROCE % : -3.98% (As of Mar. 2023)

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What is Shanghai Topcare Medical Services 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. Shanghai Topcare Medical Services Co's annualized ROCE % for the quarter that ended in Mar. 2023 was -3.98%.

Shanghai Topcare Medical Services Co ROCE % Historical Data

The historical data trend for Shanghai Topcare Medical Services 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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Shanghai Topcare Medical Services Co ROCE % Chart

Shanghai Topcare Medical Services Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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4.88

5.44

3.03

-8.62

0.53

Shanghai Topcare Medical Services Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-1.94	-1.64	-1.46	7.18	-3.98

Shanghai Topcare Medical Services Co ROCE % Calculation

Shanghai Topcare Medical Services 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 )
	=	9.869	/	( ( (2799.374 - 960.983)	+	(2552.918 - 698.635) )	/ 2 )
	=	9.869	/	( (1838.391	+	1854.283)	/ 2 )
	=	9.869	/	1846.337
	=	0.53 %

Shanghai Topcare Medical Services Co's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-73.388	/	( ( (2552.918 - 698.635)	+	(2538.661 - 705.748) )	/ 2 )
	=	-73.388	/	( ( 1854.283	+	1832.913 )	/ 2 )
	=	-73.388	/	1843.598
	=	-3.98 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Shanghai Topcare Medical Services Co (SHSE:600532) 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.

Shanghai Topcare Medical Services Co ROCE % Related Terms

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Shanghai Topcare Medical Services Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Topcare Medical Services Co Ltd (SHSE:600532) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

488 Yincheng Middle Road, Room 2302, Taiping Financial Building, Pudong New Area, Shanghai, CHN, 200120

Website

http://www.hdky600532.com

Shanghai Topcare Medical Services Co Ltd, formerly Shanghai Hongda Mining Co Ltd and its subsidiaries are engaged in mining and exploration in Shandong Province.

Executives

Cui Zhi Huo	Director
Zhu Shi Min	senior management

Shanghai Topcare Medical Services Co Headlines

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