Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) ROCE % : 19.07% (As of Dec. 2023)

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What is Tingyi (Cayman Islands) Holding 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. Tingyi (Cayman Islands) Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.07%.

Tingyi (Cayman Islands) Holding ROCE % Historical Data

The historical data trend for Tingyi (Cayman Islands) Holding'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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Tingyi (Cayman Islands) Holding ROCE % Chart

Tingyi (Cayman Islands) Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.64

22.16

18.84

15.29

20.64

Tingyi (Cayman Islands) Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															16.99	14.20	17.64	21.17	19.07

Tingyi (Cayman Islands) Holding ROCE % Calculation

Tingyi (Cayman Islands) Holding'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 )
	=	742.078	/	( ( (8383.795 - 4547.605)	+	(7443.721 - 4088.543) )	/ 2 )
	=	742.078	/	( (3836.19	+	3355.178)	/ 2 )
	=	742.078	/	3595.684
	=	20.64 %

Tingyi (Cayman Islands) Holding's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	678.092	/	( ( (8281.552 - 4526.053)	+	(7443.721 - 4088.543) )	/ 2 )
	=	678.092	/	( ( 3755.499	+	3355.178 )	/ 2 )
	=	678.092	/	3555.3385
	=	19.07 %

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

Tingyi (Cayman Islands) Holding (OTCPK:TCYMF) 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.

Tingyi (Cayman Islands) Holding ROCE % Related Terms

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Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tingyi (Cayman Islands) Holding Corp (OTCPK:TCYMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TYCMY:USA 910322:Taiwan 00322:Hong Kong TYG:Germany TYG:Germany

Address

No. 1688, Wuzhong Road, Building A, Minhang District, Shanghai, CHN, 201103

Website

https://www.masterkong.com.cn

Tingyi is a leading producer of instant noodles and RTD beverages in China, with its Master Kong brand being the most widely known. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became the exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks in China.

Tingyi (Cayman Islands) Holding (Tingyi (Cayman Islands) Holding) Headlines

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