Whole Shine Medical Technology Co (SZSE:002622) ROCE % : 1.10% (As of Mar. 2024)

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What is Whole Shine 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. Whole Shine Medical Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.10%.

Whole Shine Medical Technology Co ROCE % Historical Data

The historical data trend for Whole Shine 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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Whole Shine Medical Technology Co ROCE % Chart

Whole Shine Medical Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.79

-23.35

-2.87

-22.93

-1.33

Whole Shine Medical Technology 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															1.45	16.26	15.58	-41.24	1.10

Whole Shine Medical Technology Co ROCE % Calculation

Whole Shine 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 )
	=	-9.483	/	( ( (1635.409 - 855.983)	+	(1535.891 - 891.757) )	/ 2 )
	=	-9.483	/	( (779.426	+	644.134)	/ 2 )
	=	-9.483	/	711.78
	=	-1.33 %

Whole Shine 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 )
	=	6.984	/	( ( (1535.891 - 891.757)	+	(1524.564 - 893.879) )	/ 2 )
	=	6.984	/	( ( 644.134	+	630.685 )	/ 2 )
	=	6.984	/	637.4095
	=	1.10 %

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

Whole Shine Medical Technology Co (SZSE:002622) 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.

Whole Shine Medical Technology Co ROCE % Related Terms

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Whole Shine Medical Technology Co (SZSE:002622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Whole Shine Medical Technology Co Ltd (SZSE:002622) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Yingbin Road, Shiping District, Jilin Province, Jilin, CHN, 132013

Website

https://www.wholeshinemedical.com

Whole Shine Medical Technology Co Ltd is a China based company engaged in the businesses of electrical equipment, credit report big data, e-commerce big data, banking service, commercial factoring, financial leasing, and insurance brokerage service. In the electrical equipment business, the company offers electrical equipment products like Electronic control equipment, permanent magnet low-voltage switch products, permanent magnet high-voltage switch products, electronic energy meters, highway component facilities, and others.

Executives

Chen Ya Wei	Independent director
Ma Zheng Xue	Executives
Li Xiang Wen	Director
Huang Jia Hui	Directors, executives
Deng Qiang	Executives
Li Gang	Director
Lv Yong Xiang	Directors, executives
Zhao Feng	Directors, executives
Lv Lan	Secretary, Director

Whole Shine Medical Technology Co (SZSE:002622) Headlines

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