Shanghai Microport Endovascular Medtech Co (SHSE:688016) ROCE % : 21.46% (As of Mar. 2024)

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What is Shanghai Microport Endovascular Medtech 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. Shanghai Microport Endovascular Medtech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.46%.

Shanghai Microport Endovascular Medtech Co ROCE % Historical Data

The historical data trend for Shanghai Microport Endovascular Medtech 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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Shanghai Microport Endovascular Medtech Co ROCE % Chart

Shanghai Microport Endovascular Medtech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.04

21.14

25.35

24.47

20.00

Shanghai Microport Endovascular Medtech 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															31.10	37.55	25.49	16.19	21.46

Shanghai Microport Endovascular Medtech Co ROCE % Calculation

Shanghai Microport Endovascular Medtech 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 )
	=	574.089	/	( ( (1995.119 - 186.835)	+	(4246.209 - 312.765) )	/ 2 )
	=	574.089	/	( (1808.284	+	3933.444)	/ 2 )
	=	574.089	/	2870.864
	=	20.00 %

Shanghai Microport Endovascular Medtech 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 )
	=	868.816	/	( ( (4246.209 - 312.765)	+	(4524.505 - 360.503) )	/ 2 )
	=	868.816	/	( ( 3933.444	+	4164.002 )	/ 2 )
	=	868.816	/	4048.723
	=	21.46 %

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

Shanghai Microport Endovascular Medtech Co (SHSE:688016) 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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Shanghai Microport Endovascular Medtech Co (SHSE:688016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Microport Endovascular Medtech Co Ltd (SHSE:688016) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Lane 3399, Kangxin Road, Pudong New Area, Shanghai, CHN, 201318

Website

http://www.endovastec.com

Shanghai Microport Endovascular Medtech Co Ltd is primarily engaged in the development, production and sales of medical devices for aortic and peripheral vascular interventions.

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