Good Fellow Healthcare Holdings (HKSE:08143) ROCE % : -94.58% (As of Sep. 2023)

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What is Good Fellow Healthcare Holdings 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. Good Fellow Healthcare Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -94.58%.

Good Fellow Healthcare Holdings ROCE % Historical Data

The historical data trend for Good Fellow Healthcare Holdings'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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Good Fellow Healthcare Holdings ROCE % Chart

Good Fellow Healthcare Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-19.26

-31.02

-26.63

-7.04

-19.92

Good Fellow Healthcare Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-47.96	-63.85	69.53	-55.01	-94.58

Good Fellow Healthcare Holdings ROCE % Calculation

Good Fellow Healthcare Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-5.237	/	( ( (60.448 - 29.228)	+	(41.696 - 20.325) )	/ 2 )
	=	-5.237	/	( (31.22	+	21.371)	/ 2 )
	=	-5.237	/	26.2955
	=	-19.92 %

Good Fellow Healthcare Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-13.048	/	( ( (0 - 0)	+	(33.271 - 19.475) )	/ 1 )
	=	-13.048	/	( ( 0	+	13.796 )	/ 1 )
	=	-13.048	/	13.796
	=	-94.58 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Good Fellow Healthcare Holdings (HKSE:08143) 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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Good Fellow Healthcare Holdings (HKSE:08143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Good Fellow Healthcare Holdings Ltd (HKSE:08143) » Definitions » ROCE %

Comparable Companies

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Address

168-200 ?Connaught? Road, Unit ?3309,? 33rd? Floor, West ?Tower,? Shun? Tak? Centre, Hong Kong, HKG

Website

http://www.gf-healthcare.com

Good Fellow Healthcare Holdings Ltd is an investment holding company. It is engaged in the provision of general hospital services in the PRC. Geographically, it derives revenue from PRC. The company's general hospital services include medical and surgical ward, cosmetic surgery, dermatology, and medical checkup and examination services. All revenue of the group is derived from the PRC.

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