Goodwill E-Health Info Co (SHSE:688246) ROCE % : -3.70% (As of Mar. 2024)

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What is Goodwill E-Health Info 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. Goodwill E-Health Info Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.70%.

Goodwill E-Health Info Co ROCE % Historical Data

The historical data trend for Goodwill E-Health Info 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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Goodwill E-Health Info Co ROCE % Chart

Goodwill E-Health Info Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.11

2.86

2.74

1.57

0.50

Goodwill E-Health Info Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-8.52	-4.21	8.89	5.83	-3.70

Goodwill E-Health Info Co ROCE % Calculation

Goodwill E-Health Info 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 )
	=	9.422	/	( ( (2527.045 - 649.221)	+	(2646.904 - 783.627) )	/ 2 )
	=	9.422	/	( (1877.824	+	1863.277)	/ 2 )
	=	9.422	/	1870.5505
	=	0.50 %

Goodwill E-Health Info 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 )
	=	-68.892	/	( ( (2646.904 - 783.627)	+	(2692.098 - 834.579) )	/ 2 )
	=	-68.892	/	( ( 1863.277	+	1857.519 )	/ 2 )
	=	-68.892	/	1860.398
	=	-3.70 %

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

Goodwill E-Health Info Co (SHSE:688246) 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.

Goodwill E-Health Info Co ROCE % Related Terms

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Goodwill E-Health Info Co (SHSE:688246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Goodwill E-Health Info Co Ltd (SHSE:688246) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Kaifeng Road, Room 1201, 2nd Floor, Building 1, Shangdi Information Industry Base, Haidian District, Beijing, CHN, 100085

Website

http://www.bjgoodwill.com

Goodwill E-Health Info Co Ltd is a computer software technology development company. The company's products and services include technology transfer, technical consulting, technical services, application software services, and wholesale electronic products.

Executives

Chen Lian Zhong	Core technical personnel
Ren Yong	Directors, senior managers
Nie Ya Lun	senior management
Ma Long Biao	Core technical personnel
Li Jing	senior management
Zhang Lei	Director, core technical staff
Xia Jun	Directors, senior managers
Wang Kun	Core technical personnel
Hu Ke Yun	Core technical personnel

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