Careray Digital Medical Technology Co (SHSE:688607) ROCE % : 1.04% (As of Mar. 2024)

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What is Careray Digital Medical Technology 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. Careray Digital Medical Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.04%.

Careray Digital Medical Technology Co ROCE % Historical Data

The historical data trend for Careray Digital Medical Technology 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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Careray Digital Medical Technology Co ROCE % Chart

Careray Digital Medical Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.50

26.19

15.42

-0.99

1.84

Careray Digital Medical Technology Co Quarterly Data
	Dec18	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															-3.29	2.77	1.83	6.05	1.04

Careray Digital Medical Technology Co ROCE % Calculation

Careray Digital Medical Technology 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 )
	=	15.808	/	( ( (903.59 - 51.414)	+	(947.302 - 82.13) )	/ 2 )
	=	15.808	/	( (852.176	+	865.172)	/ 2 )
	=	15.808	/	858.674
	=	1.84 %

Careray Digital Medical Technology 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 )
	=	8.968	/	( ( (947.302 - 82.13)	+	(920.575 - 59.236) )	/ 2 )
	=	8.968	/	( ( 865.172	+	861.339 )	/ 2 )
	=	8.968	/	863.2555
	=	1.04 %

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

Careray Digital Medical Technology Co (SHSE:688607) 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.

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Careray Digital Medical Technology Co (SHSE:688607) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Careray Digital Medical Technology Co Ltd (SHSE:688607) » Definitions » ROCE %

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Address

No. 218 Xinghu Street, Room 501, Building A2 and B3, Bio-Nano Park, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215123

Website

http://www.careray.cn

Jiangsu Kangzhong Digital Medical Technology Co Ltd is engaged in the development and production of advanced digital X-ray flat panel detectors, which are widely used in medical, pet, security, and industrial imaging diagnostic products. The product portfolio includes radiography, mammography, fluoroscopy, dental products, and other accessories.

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