Cowealth Medical China Co (SHSE:603122) ROCE % : 4.04% (As of Mar. 2024)

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What is Cowealth Medical China 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. Cowealth Medical China Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.04%.

Cowealth Medical China Co ROCE % Historical Data

The historical data trend for Cowealth Medical China 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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Cowealth Medical China Co ROCE % Chart

Cowealth Medical China Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.53

13.25

14.65

11.71

6.03

Cowealth Medical China Co Quarterly Data
	Dec17	Dec18	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															4.92	10.91	7.45	0.93	4.04

Cowealth Medical China Co ROCE % Calculation

Cowealth Medical China 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 )
	=	71.573	/	( ( (1559.065 - 361.55)	+	(1461.406 - 285.728) )	/ 2 )
	=	71.573	/	( (1197.515	+	1175.678)	/ 2 )
	=	71.573	/	1186.5965
	=	6.03 %

Cowealth Medical China 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 )
	=	47.62	/	( ( (1461.406 - 285.728)	+	(1471.622 - 290.564) )	/ 2 )
	=	47.62	/	( ( 1175.678	+	1181.058 )	/ 2 )
	=	47.62	/	1178.368
	=	4.04 %

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

Cowealth Medical China Co (SHSE:603122) 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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Cowealth Medical China Co (SHSE:603122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Cowealth Medical China Co Ltd (SHSE:603122) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 1001 Qinzhou North Road, 21st Floor, Building 12, Xuhui District, Shanghai, CHN, 200131

Website

https://www.cowealth.com

Cowealth Medical China Co Ltd operates as a diagnostic clinical laboratory company. It has introduced radiation oncology technology into the market.

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