Hangzhou Minsheng Healthcare Co (SZSE:301507) ROCE % : 18.08% (As of Mar. 2024)

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What is Hangzhou Minsheng Healthcare 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. Hangzhou Minsheng Healthcare Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.08%.

Hangzhou Minsheng Healthcare Co ROCE % Historical Data

The historical data trend for Hangzhou Minsheng Healthcare 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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Hangzhou Minsheng Healthcare Co ROCE % Chart

Hangzhou Minsheng Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.01

15.92

15.96

15.48

9.26

Hangzhou Minsheng Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									35.55	9.21	4.30	1.17	18.08

Hangzhou Minsheng Healthcare Co ROCE % Calculation

Hangzhou Minsheng Healthcare 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 )
	=	96.905	/	( ( (765.288 - 155.473)	+	(1647.81 - 163.936) )	/ 2 )
	=	96.905	/	( (609.815	+	1483.874)	/ 2 )
	=	96.905	/	1046.8445
	=	9.26 %

Hangzhou Minsheng Healthcare 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 )
	=	273.472	/	( ( (1647.81 - 163.936)	+	(1737.209 - 195.268) )	/ 2 )
	=	273.472	/	( ( 1483.874	+	1541.941 )	/ 2 )
	=	273.472	/	1512.9075
	=	18.08 %

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

Hangzhou Minsheng Healthcare Co (SZSE:301507) 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.

Hangzhou Minsheng Healthcare Co ROCE % Related Terms

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Hangzhou Minsheng Healthcare Co (SZSE:301507) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou Minsheng Healthcare Co Ltd (SZSE:301507) » Definitions » ROCE %

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Address

No. 101, Xintian Road, Donghu Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.21vita.com

Hangzhou Minsheng Healthcare Co Ltd focuses on the field of vitamin and mineral supplements and is a high-tech enterprise integrating research and development, production and sales of vitamin and mineral over-the-counter drugs and health food. The company's current main product is 21 Golden Vita multi-dimensional element tablets (21).

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