Innovation Medical Management Co (SZSE:002173) ROCE % : -0.55% (As of Mar. 2024)

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What is Innovation Medical Management 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. Innovation Medical Management Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.55%.

Innovation Medical Management Co ROCE % Historical Data

The historical data trend for Innovation Medical Management 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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Innovation Medical Management Co ROCE % Chart

Innovation Medical Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-35.09

-11.06

-4.25

-3.41

-1.58

Innovation Medical Management 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															-0.32	0.13	-1.65	-4.51	-0.55

Innovation Medical Management Co ROCE % Calculation

Innovation Medical Management 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 )
	=	-31.317	/	( ( (2339.598 - 322.365)	+	(2281.473 - 325.427) )	/ 2 )
	=	-31.317	/	( (2017.233	+	1956.046)	/ 2 )
	=	-31.317	/	1986.6395
	=	-1.58 %

Innovation Medical Management 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 )
	=	-10.72	/	( ( (2281.473 - 325.427)	+	(2264.284 - 313.683) )	/ 2 )
	=	-10.72	/	( ( 1956.046	+	1950.601 )	/ 2 )
	=	-10.72	/	1953.3235
	=	-0.55 %

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

Innovation Medical Management Co (SZSE:002173) 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.

Innovation Medical Management Co ROCE % Related Terms

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Innovation Medical Management Co (SZSE:002173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovation Medical Management Co Ltd (SZSE:002173) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Pearl Industrial Park, Shanxiahu Town, Zhejiang Province, Zhuji, CHN, 311804

Website

http://www.qzpearl.com

Innovation Medical Management Co Ltd is involved in diversified pearl industry. It is engaged in the pearl farming, processing, design and sales, import and export, tradeand research and bio pharmaceutical that develops pearls. It also has online store which offers pearl necklace, pendant, earrings, ring, bracelets and chain.

Executives

Ma Jian Jian	Executives
Ruan Guang Yin	Director
Chen Hai Jun	Director
Wang Song Tao	Director
He Yong Ji	Director
Chen Xia Ying	Director
Ma San Guang	Directors, executives
Sun Bo Ren	Director
Lou Lai Feng	Directors, executives
Lou Yong Qi	Supervisors

Innovation Medical Management Co (SZSE:002173) Headlines

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