Honliv Healthcare Management Group Co (HKSE:09906) ROCE % : 8.18% (As of Dec. 2023)

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What is Honliv Healthcare Management Group 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. Honliv Healthcare Management Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.18%.

Honliv Healthcare Management Group Co ROCE % Historical Data

The historical data trend for Honliv Healthcare Management Group 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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Honliv Healthcare Management Group Co ROCE % Chart

Honliv Healthcare Management Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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46.89

12.81

11.89

12.25

10.34

Honliv Healthcare Management Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							10.63	15.62	8.60	12.23	8.18

Honliv Healthcare Management Group Co ROCE % Calculation

Honliv Healthcare Management Group 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 )
	=	64.61	/	( ( (1044.171 - 421.511)	+	(1059.553 - 432.551) )	/ 2 )
	=	64.61	/	( (622.66	+	627.002)	/ 2 )
	=	64.61	/	624.831
	=	10.34 %

Honliv Healthcare Management Group 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	51.91	/	( ( (1047.747 - 405.906)	+	(1059.553 - 432.551) )	/ 2 )
	=	51.91	/	( ( 641.841	+	627.002 )	/ 2 )
	=	51.91	/	634.4215
	=	8.18 %

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

Honliv Healthcare Management Group Co (HKSE:09906) 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.

Honliv Healthcare Management Group Co ROCE % Related Terms

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Honliv Healthcare Management Group Co (HKSE:09906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Honliv Healthcare Management Group Co Ltd (HKSE:09906) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Bo Ai Road (South), Changyuan County, Henan Province, Xinxiang, CHN

Website

https://www.honlivhp.com

Honliv Healthcare Management Group Co Ltd is engaged in providing comprehensive medical services and pharmaceutical services to the society in Mainland China. It generates revenue from Outpatient and Inpatient healthcare services.

Executives

Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Hwabao Trust Co., Ltd	2301 Trustee
Zhang Yuan Shi Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Rubrical Investment Limited	2501 Other
Sunny Rock Capital Limited	2101 Beneficial owner
Cao Jinming	2202 Interest of your spouse
Qin Hongchao	2501 Other
Qin Yan	2201 Interest of corporation controlled by you
Sun Mingyan	2202 Interest of your spouse

Honliv Healthcare Management Group Co (HKSE:09906) Headlines

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