Shanghainyou Medical Co (SHSE:688085) ROCE % : -1.17% (As of Mar. 2024)

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What is Shanghainyou 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. Shanghainyou Medical Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.17%.

Shanghainyou Medical Co ROCE % Historical Data

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

Shanghainyou Medical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.05

11.28

13.14

12.93

6.73

Shanghainyou 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															8.26	8.56	-0.86	11.05	-1.17

Shanghainyou Medical Co ROCE % Calculation

Shanghainyou 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 )
	=	135.137	/	( ( (2191.366 - 245.047)	+	(2261.496 - 194.449) )	/ 2 )
	=	135.137	/	( (1946.319	+	2067.047)	/ 2 )
	=	135.137	/	2006.683
	=	6.73 %

Shanghainyou 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 )
	=	-24.292	/	( ( (2261.496 - 194.449)	+	(2316.291 - 223.178) )	/ 2 )
	=	-24.292	/	( ( 2067.047	+	2093.113 )	/ 2 )
	=	-24.292	/	2080.08
	=	-1.17 %

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

Shanghainyou Medical Co (SHSE:688085) 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.

Shanghainyou Medical Co ROCE % Related Terms

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Shanghainyou Medical Co (SHSE:688085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Sanyou Medical Co Ltd (SHSE:688085) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

356 Renqing Road, Building 3-2nd Floor, Medical Apparatus Garden of Zhangjiang Hi-Tech Park, East, Pudong, Shanghai, CHN

Website

http://www.sanyou-medical.com

Shanghai Sanyou Medical Equipment Co Ltd is engaged in manufacturing and sales of independently orthopedics implant. The company manufactures medical devices such as type III implantation equipment (orthopedics), type III intracranial hematoma puncture removal equipment, type II dressing, nursing materials, type II surgical instruments and I surgical instruments.

Executives

Xu Nong	Directors, senior managers
	Director, core technical staff
Fan Xiang Long	Directors, senior managers
Fan Xiang Long	Directors, senior managers
Liu Ming Yan	Director, core technical staff

Shanghainyou Medical Co (SHSE:688085) Headlines

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