Touchstone International Medical Science Co (SHSE:688013) ROCE % : 11.12% (As of Sep. 2024)

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What is Touchstone International Medical Science 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. Touchstone International Medical Science Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.12%.

Touchstone International Medical Science Co ROCE % Historical Data

The historical data trend for Touchstone International Medical Science 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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Touchstone International Medical Science Co ROCE % Chart

Touchstone International Medical Science Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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50.88

13.97

5.93

9.02

8.84

Touchstone International Medical Science Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.19	8.50	8.75	13.01	11.12

Touchstone International Medical Science Co ROCE % Calculation

Touchstone International Medical Science 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 )
	=	48.033	/	( ( (543.456 - 32.472)	+	(626.609 - 50.95) )	/ 2 )
	=	48.033	/	( (510.984	+	575.659)	/ 2 )
	=	48.033	/	543.3215
	=	8.84 %

Touchstone International Medical Science 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 )
	=	65.544	/	( ( (650.7 - 46.909)	+	(671.923 - 96.375) )	/ 2 )
	=	65.544	/	( ( 603.791	+	575.548 )	/ 2 )
	=	65.544	/	589.6695
	=	11.12 %

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

Touchstone International Medical Science Co (SHSE:688013) 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.

Touchstone International Medical Science Co ROCE % Related Terms

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Touchstone International Medical Science Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Touchstone International Medical Science Co Ltd (SHSE:688013) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

278 Dongping Street, Suzhou Industrial Park, Suzhou, CHN, 215123

Website

http://www.touchstonesurgical.com

Touchstone International Medical Science Co Ltd is specialized in the development of surgical staplers that enhance clinical performance, minimise risk and improve patient outcomes. The company's products include Auto Purse String Clamp for Single Use (APS); Intraluminal Stapler for Single Use (CSC&ECSC); Endoscopic Linear Cutter and Single Use Loading Unit (ELC&ELCC); Intraluminal Stapler for Single Use (KOL); Linear Cutter and Reloads (LC&LCC); Linear Stapler and Reloads (LS&LSC); PPH Stapler and Purse Sets for Single Use (PPH); Tissue - Selecting Therapy Stapler (TST33); Tissue - Selecting Therapy Stapler (TST36); and Tissue - Selecting Therapy Stapler (Proctology Examination Kit).

Executives

Ding Shui Cheng	Core technical personnel
Huang Bin	Core technical personnel
Yang Cai Hong	Director
Tian Guo Yu	Directors, senior managers
Zhang Su Mei	Core technical personnel
Liu Wei	Director
Chen Wang Yu	Director

Touchstone International Medical Science Co Headlines

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