Ningbo David Medical Device Co (SZSE:300314) ROCE % : 14.91% (As of Mar. 2024)

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What is Ningbo David Medical Device 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. Ningbo David Medical Device Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.91%.

Ningbo David Medical Device Co ROCE % Historical Data

The historical data trend for Ningbo David Medical Device 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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Ningbo David Medical Device Co ROCE % Chart

Ningbo David Medical Device Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.58

11.40

8.94

10.84

14.81

Ningbo David Medical Device 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															21.03	16.41	12.35	9.38	14.91

Ningbo David Medical Device Co ROCE % Calculation

Ningbo David Medical Device 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 )
	=	166.824	/	( ( (1252.695 - 176.63)	+	(1374.083 - 197.437) )	/ 2 )
	=	166.824	/	( (1076.065	+	1176.646)	/ 2 )
	=	166.824	/	1126.3555
	=	14.81 %

Ningbo David Medical Device 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 )
	=	178.252	/	( ( (1374.083 - 197.437)	+	(1364.965 - 150.248) )	/ 2 )
	=	178.252	/	( ( 1176.646	+	1214.717 )	/ 2 )
	=	178.252	/	1195.6815
	=	14.91 %

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

Ningbo David Medical Device Co (SZSE:300314) 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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Ningbo David Medical Device Co (SZSE:300314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ningbo David Medical Device Co Ltd (SZSE:300314) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35, Jinxing Road, Binhai Industry Park, Ningbo, CHN, 315712

Website

http://www.nbdavid.com

Ningbo David Medical Device Co Ltd operates in the medical device industry. The company specializes in an independent research and development, production and distribution of medical equipment. The main products of the company are infant incubator, transport incubator, infant radiant warmer, neonate bilirubin phototherapy equipment and infant resuscitator.

Executives

Ma Jian Min	Executives
Chen Zai Hong	Directors, executives
Chen Yun Qin	Director
Mao Tian Yi	Executives
Li Ze Dong	Directors, Directors, and Executives
Lin Ding Yu	Executives
Yu Yong Wei	Directors, executives
Wang Yao	Independent director
Xu Fang Fang	Director

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