PKU Healthcare (SZSE:000788) ROCE % : 14.66% (As of Mar. 2024)

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What is PKU Healthcare 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. PKU Healthcare's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.66%.

PKU Healthcare ROCE % Historical Data

The historical data trend for PKU Healthcare'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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PKU Healthcare ROCE % Chart

PKU Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.38

5.21

5.96

6.16

5.58

PKU Healthcare 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															6.45	7.56	4.79	3.41	14.66

PKU Healthcare ROCE % Calculation

PKU Healthcare'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 )
	=	81.269	/	( ( (2636.982 - 1192.513)	+	(2438.286 - 968.106) )	/ 2 )
	=	81.269	/	( (1444.469	+	1470.18)	/ 2 )
	=	81.269	/	1457.3245
	=	5.58 %

PKU Healthcare'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 )
	=	217.576	/	( ( (2438.286 - 968.106)	+	(2394.904 - 895.826) )	/ 2 )
	=	217.576	/	( ( 1470.18	+	1499.078 )	/ 2 )
	=	217.576	/	1484.629
	=	14.66 %

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

PKU Healthcare (SZSE:000788) 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.

PKU Healthcare ROCE % Related Terms

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PKU Healthcare (SZSE:000788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » PKU Healthcare Corp Ltd (SZSE:000788) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Zhongguancun Rd 298 Founder Building, 7th floor, Haidian District, Beijing, CHN, 100871

Website

http://www.pkucare.com

PKU Healthcare Corp Ltd is the industrial-academic-research platform of Peking University Health Science Center. The company operates in the pharmaceutical industry. It manufactures and distributes pharmaceutical products.

Executives

He Qing Kai	Executives
Xu Wei Yu	Supervisors
Liu Deng Han	Executives
Li Bin	Supervisors
Huang Cheng	Supervisors
Zhang Xiao Ping	Supervisors
Gao Jian Jun	Executives

PKU Healthcare (SZSE:000788) Headlines

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