Shanghai Labway Clinical Laboratory Co (SZSE:301060) ROCE % : 0.96% (As of Mar. 2024)

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What is Shanghai Labway Clinical Laboratory 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. Shanghai Labway Clinical Laboratory Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.96%.

Shanghai Labway Clinical Laboratory Co ROCE % Historical Data

The historical data trend for Shanghai Labway Clinical Laboratory 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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Shanghai Labway Clinical Laboratory Co ROCE % Chart

Shanghai Labway Clinical Laboratory Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.58

14.80

21.40

45.36

-6.45

Shanghai Labway Clinical Laboratory 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															3.73	-5.59	2.95	-27.12	0.96

Shanghai Labway Clinical Laboratory Co ROCE % Calculation

Shanghai Labway Clinical Laboratory 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 )
	=	-145.073	/	( ( (3746.874 - 1413.821)	+	(2986.861 - 822.829) )	/ 2 )
	=	-145.073	/	( (2333.053	+	2164.032)	/ 2 )
	=	-145.073	/	2248.5425
	=	-6.45 %

Shanghai Labway Clinical Laboratory 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 )
	=	20.668	/	( ( (2986.861 - 822.829)	+	(2894.81 - 739.681) )	/ 2 )
	=	20.668	/	( ( 2164.032	+	2155.129 )	/ 2 )
	=	20.668	/	2159.5805
	=	0.96 %

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

Shanghai Labway Clinical Laboratory Co (SZSE:301060) 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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Shanghai Labway Clinical Laboratory Co (SZSE:301060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Shanghai Labway Clinical Laboratory Co Ltd (SZSE:301060) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 268, Linxin Road, Floor 6, 7, 8, 9 of Building 1, Changning District, Shanghai, CHN, 200335

Website

https://www.labway.cn

Labway Clinical Laboratory (Shanghai) Ltd provides comprehensive health management solutions relying on medical laboratory and pathological diagnosis services. It offers genetic testing, clinical microbiology testing, blood and pathology testing, cytopathological diagnosis and other services.

Executives

Sun Lin Jie

Director

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