Shanghai Chenguang Medical Technologies Co (BJSE:430300) ROCE % : -9.48% (As of Mar. 2024)

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What is Shanghai Chenguang Medical Technologies 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 Chenguang Medical Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.48%.

Shanghai Chenguang Medical Technologies Co ROCE % Historical Data

The historical data trend for Shanghai Chenguang Medical Technologies 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 Chenguang Medical Technologies Co ROCE % Chart

Shanghai Chenguang Medical Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.28

3.71

14.00

9.61

-3.97

Shanghai Chenguang Medical Technologies 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															-5.01	2.17	-4.57	-8.54	-9.48

Shanghai Chenguang Medical Technologies Co ROCE % Calculation

Shanghai Chenguang Medical Technologies 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 )
	=	-13.04	/	( ( (441.33 - 120.966)	+	(483.753 - 146.893) )	/ 2 )
	=	-13.04	/	( (320.364	+	336.86)	/ 2 )
	=	-13.04	/	328.612
	=	-3.97 %

Shanghai Chenguang Medical Technologies 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 )
	=	-31.536	/	( ( (483.753 - 146.893)	+	(463.379 - 135.034) )	/ 2 )
	=	-31.536	/	( ( 336.86	+	328.345 )	/ 2 )
	=	-31.536	/	332.6025
	=	-9.48 %

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

Shanghai Chenguang Medical Technologies Co (BJSE:430300) 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 Chenguang Medical Technologies Co (BJSE:430300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Chenguang Medical Technologies Co Ltd (BJSE:430300) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1269, Huaqing Road, Qingpu District, Shanghai, CHN, 201707

Website

http://www.shanghaicg.net

Shanghai Chenguang Medical Technologies Co Ltd engages in research and development, production, and sales of the core hardware of medical imaging superconducting MRI equipment and special magnets in the field of scientific research. The company's product system covers hardware of superconducting MRI devices, including: RF detectors, superconducting magnets, gradient coils, RF amplifiers, gradient amplifiers.

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