Healthcare Co (SHSE:603313) ROCE % : 5.87% (As of Mar. 2024)

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What is Healthcare 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. Healthcare Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.87%.

Healthcare Co ROCE % Historical Data

The historical data trend for Healthcare 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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Healthcare Co ROCE % Chart

Healthcare Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.07

14.11

-2.60

5.19

6.95

Healthcare Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.98	10.74	6.09	5.30	5.87

Healthcare Co ROCE % Calculation

Healthcare Co'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 )
	=	378.501	/	( ( (9075.677 - 3924.183)	+	(10065.654 - 4320.905) )	/ 2 )
	=	378.501	/	( (5151.494	+	5744.749)	/ 2 )
	=	378.501	/	5448.1215
	=	6.95 %

Healthcare Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	334.48	/	( ( (10065.654 - 4320.905)	+	(9887.214 - 4235.707) )	/ 2 )
	=	334.48	/	( ( 5744.749	+	5651.507 )	/ 2 )
	=	334.48	/	5698.128
	=	5.87 %

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

Healthcare Co (SHSE:603313) 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.

Healthcare Co ROCE % Related Terms

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Healthcare Co (SHSE:603313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Healthcare Co Ltd (SHSE:603313) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 999, South Road, Dingshu Town, Jiangsu Province, RuGao, CHN, 226521

Website

http://www.hkfoam.com

Healthcare Co Ltd operates in the home furnishing industry. The company is mainly engaged in the design, manufacture and distribution of mattresses. Its other product offering includes a thin pad, pillow, sofa and other similar household products. The company's products are sold under the MLILY brand.

Executives

Ni Zhang Gen	Director
Cui Hui Ming	senior management
Wang Zhen	senior management
Fu Dong Qing	senior management
Zhang Hong Jian	Directors, senior managers
Wu Xiao Hong	Directors, senior managers
Ji Jian Long	Director
Liu Tao	senior management

Healthcare Co (SHSE:603313) Headlines

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