Tian Teck Land (HKSE:00266) ROCE % : 11.25% (As of Sep. 2023)

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What is Tian Teck Land 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. Tian Teck Land's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.25%.

Tian Teck Land ROCE % Historical Data

The historical data trend for Tian Teck Land'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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Tian Teck Land ROCE % Chart

Tian Teck Land Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.62

-6.11

-12.37

-10.28

-16.52

Tian Teck Land Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-8.69	-11.79	-23.41	-9.67	11.25

Tian Teck Land ROCE % Calculation

Tian Teck Land'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 )
	=	-1516.528	/	( ( (10192.188 - 186.105)	+	(8493.303 - 144.904) )	/ 2 )
	=	-1516.528	/	( (10006.083	+	8348.399)	/ 2 )
	=	-1516.528	/	9177.241
	=	-16.52 %

Tian Teck Land'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	961.054	/	( ( (8493.303 - 144.904)	+	(8973.794 - 243.558) )	/ 2 )
	=	961.054	/	( ( 8348.399	+	8730.236 )	/ 2 )
	=	961.054	/	8539.3175
	=	11.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Tian Teck Land (HKSE:00266) 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.

Tian Teck Land ROCE % Related Terms

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Tian Teck Land (HKSE:00266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tian Teck Land Ltd (HKSE:00266) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Nathan Road, 9th Floor, iSQUARE, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://ttll.etnet.com.hk

Tian Teck Land Ltd is a Hong Kong-based property investment and investment holding company. Its only reportable segment is Property leasing. It generates revenue from Interest income and others. Geographically, it derives revenue from Hong Kong and the PRC.

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