Medizen Humancare Co (XKRX:236340) ROCE % : -148.06% (As of Dec. 2023)

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What is Medizen Humancare 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. Medizen Humancare Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -148.06%.

Medizen Humancare Co ROCE % Historical Data

The historical data trend for Medizen Humancare 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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Medizen Humancare Co ROCE % Chart

Medizen Humancare Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-261.01

-148.06

Medizen Humancare Co Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			-261.01	-	-	-	-148.06

Medizen Humancare Co ROCE % Calculation

Medizen Humancare 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 )
	=	-1775.282	/	( ( (5272.047 - 4040.217)	+	(4239.176 - 3072.916) )	/ 2 )
	=	-1775.282	/	( (1231.83	+	1166.26)	/ 2 )
	=	-1775.282	/	1199.045
	=	-148.06 %

Medizen Humancare Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-1775.282	/	( ( (5272.047 - 4040.217)	+	(4239.176 - 3072.916) )	/ 2 )
	=	-1775.282	/	( ( 1231.83	+	1166.26 )	/ 2 )
	=	-1775.282	/	1199.045
	=	-148.06 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Medizen Humancare Co (XKRX:236340) 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.

Medizen Humancare Co ROCE % Related Terms

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Medizen Humancare Co (XKRX:236340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Medizen Humancare Inc Co Ltd (XKRX:236340) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Republic of Korea 223, Teheran-ro, Gangnam-gu, Seoul, KOR

Website

http://www.medizencare.com

Medizen Humancare Inc Co Ltd is a R&D company providing genomics involving acquisition of disease specific genome contents, identification of new drug candidate genes and development of new preventive measures.

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