Guangdong Biolight Meditech Co (SZSE:300246) ROCE % : 0.19% (As of Sep. 2024)

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What is Guangdong Biolight Meditech 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. Guangdong Biolight Meditech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.19%.

Guangdong Biolight Meditech Co ROCE % Historical Data

The historical data trend for Guangdong Biolight Meditech 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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Guangdong Biolight Meditech Co ROCE % Chart

Guangdong Biolight Meditech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.94

44.90

7.38

2.20

-1.74

Guangdong Biolight Meditech 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															2.66	-26.52	2.02	0.46	0.19

Guangdong Biolight Meditech Co ROCE % Calculation

Guangdong Biolight Meditech 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 )
	=	-31.276	/	( ( (2438.94 - 603.39)	+	(2534.398 - 770.7) )	/ 2 )
	=	-31.276	/	( (1835.55	+	1763.698)	/ 2 )
	=	-31.276	/	1799.624
	=	-1.74 %

Guangdong Biolight Meditech 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 )
	=	3.54	/	( ( (2590.468 - 739.458)	+	(2497.594 - 660.471) )	/ 2 )
	=	3.54	/	( ( 1851.01	+	1837.123 )	/ 2 )
	=	3.54	/	1844.0665
	=	0.19 %

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

Guangdong Biolight Meditech Co (SZSE:300246) 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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Guangdong Biolight Meditech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Guangdong Biolight Meditech Co Ltd (SZSE:300246) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2 Innovation First Road, Technical Innovation Coast, Hi-tech Zone, Zhuhai, CHN, 519085

Website

http://www.blt.com.cn

Guangdong Biolight Meditech Co Ltd is engaged in offering medical services, medical consumables, and healthcare solutions. The products of the company include patient monitor, ECG machine, medical pump, veterinary monitor, and hemodialysis products.

Executives

Yan Jin Yuan	Directors, executives
Yan Chuan Ping	Directors, executives
Zhou Guo Jun	Supervisors
Ye Guo Qing	Director
Chen Xin	Executives

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