Improve Medical Instruments Co (SZSE:300030) ROCE % : -17.63% (As of Sep. 2024)

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What is Improve Medical Instruments 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. Improve Medical Instruments Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -17.63%.

Improve Medical Instruments Co ROCE % Historical Data

The historical data trend for Improve Medical Instruments 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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Improve Medical Instruments Co ROCE % Chart

Improve Medical Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.26

17.07

4.03

-18.83

-3.04

Improve Medical Instruments 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															-0.89	-21.12	0.22	1.61	-17.63

Improve Medical Instruments Co ROCE % Calculation

Improve Medical Instruments 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 )
	=	-26.498	/	( ( (1558.18 - 638.465)	+	(1425.956 - 603.369) )	/ 2 )
	=	-26.498	/	( (919.715	+	822.587)	/ 2 )
	=	-26.498	/	871.151
	=	-3.04 %

Improve Medical Instruments 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 )
	=	-143.316	/	( ( (1325.078 - 494.917)	+	(1330.659 - 535.196) )	/ 2 )
	=	-143.316	/	( ( 830.161	+	795.463 )	/ 2 )
	=	-143.316	/	812.812
	=	-17.63 %

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

Improve Medical Instruments Co (SZSE:300030) 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.

Improve Medical Instruments Co ROCE % Related Terms

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Improve Medical Instruments Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Improve Medical Instruments Co Ltd (SZSE:300030) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.102 Kaiyuan Avenue, Science City, Luogang District, Guangdong, Guangzhou, CHN, 510530

Website

http://www.improve-medical.com

Improve Medical Instruments Co Ltd, formerly Guangzhou Improve Medical Instruments Co Ltd is engaged in providing medical device product platform and medical services. The business of the company includes clinical laboratory specimen solutions, clinical laboratory diagnosis, imaging diagnosis, health management, and hospital digital overall solutions.

Executives

Deng Guan Hua	Directors, executives
Tian Ke	Executives
Li Zhuo	Director
Xie Shi Song	Independent director
Qian Chuan Rong	Executives
Lian Qing Ming	Director
Shen Yi Shan	Director
Shen Zi Yu	Director
Zheng Gui Hua	Secretary Dong
Xu Li Xin	Executives
Yan Hong Yu	Directors, executives
Yu Xiu An	Supervisors
Yang Li	Supervisors
Zhao Ji Qing	Director
Ma Hai Bo	Executives

Improve Medical Instruments Co Headlines

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