Zhende Medical Co (SHSE:603301) ROCE % : 5.87% (As of Mar. 2024)

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What is Zhende Medical 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. Zhende Medical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.87%.

Zhende Medical Co ROCE % Historical Data

The historical data trend for Zhende Medical 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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Zhende Medical Co ROCE % Chart

Zhende Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.70

108.14

17.76

14.92

3.97

Zhende Medical 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															10.88	5.94	4.49	-6.63	5.87

Zhende Medical Co ROCE % Calculation

Zhende Medical 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 )
	=	247.821	/	( ( (7895.755 - 1518.729)	+	(7266.72 - 1172.296) )	/ 2 )
	=	247.821	/	( (6377.026	+	6094.424)	/ 2 )
	=	247.821	/	6235.725
	=	3.97 %

Zhende Medical 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 )
	=	374.612	/	( ( (7266.72 - 1172.296)	+	(8005.323 - 1337.323) )	/ 2 )
	=	374.612	/	( ( 6094.424	+	6668 )	/ 2 )
	=	374.612	/	6381.212
	=	5.87 %

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

Zhende Medical Co (SHSE:603301) 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.

Zhende Medical Co ROCE % Related Terms

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Zhende Medical Co (SHSE:603301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zhende Medical Co Ltd (SHSE:603301) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yubei Industrial Zone, Yucheng Town, Yuecheng District, Zhejiang, Shaoxing City, CHN, 312000

Website

http://www.zhende.com

Zhende Medical Co Ltd provides medical products. The company is engaged in the production and sale of medical dressing, pressure treatment and fixation, modern wound care, surgical infection management, and incontinence care products.

Executives

Xu Da Sheng	Director
Hu Xiu Yuan	Supervisors
Zhang Xian Tao	Director
Shen Zhen Dong	Directors, senior managers
Jin Hai Ping	Director
Shen Zhen Fang	Director
Lu Xing Ping	senior management

Zhende Medical Co (SHSE:603301) Headlines

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