Shanghai MicroPort EP Medtech Co (SHSE:688351) ROCE % : 1.03% (As of Mar. 2024)

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What is Shanghai MicroPort EP 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 EP Medtech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.03%.

Shanghai MicroPort EP Medtech Co ROCE % Historical Data

The historical data trend for Shanghai MicroPort EP 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 EP Medtech Co ROCE % Chart

Shanghai MicroPort EP Medtech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.44

0.88

-1.87

0.31

0.40

Shanghai MicroPort EP Medtech Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-2.09	2.74	2.24	-1.31	1.03

Shanghai MicroPort EP Medtech Co ROCE % Calculation

Shanghai MicroPort EP 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 )
	=	6.88	/	( ( (1792.49 - 66.176)	+	(1823.268 - 96.435) )	/ 2 )
	=	6.88	/	( (1726.314	+	1726.833)	/ 2 )
	=	6.88	/	1726.5735
	=	0.40 %

Shanghai MicroPort EP 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 )
	=	17.724	/	( ( (1823.268 - 96.435)	+	(1843.461 - 114.012) )	/ 2 )
	=	17.724	/	( ( 1726.833	+	1729.449 )	/ 2 )
	=	17.724	/	1728.141
	=	1.03 %

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

Shanghai MicroPort EP Medtech Co (SHSE:688351) 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.

Shanghai MicroPort EP Medtech Co ROCE % Related Terms

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Shanghai MicroPort EP Medtech Co (SHSE:688351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai MicroPort EP Medtech Co Ltd (SHSE:688351) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 1-28, Lane 588, Tianxiong Road, Building 28, Zhoupu Town, Pudong New Area, Shanghai, CHN, 201318

Website

https://www.everpace.com

Shanghai MicroPort EP Medtech Co Ltd is engaged in the research and development, production and sales of various medical devices and equipment related to cardiac electrophysiology interventional diagnosis and treatment.

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