Market Cap : 434.26 M | Enterprise Value : 224.44 M | PE Ratio : | PB Ratio : 1.29 |
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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. Tuniu's annualized ROCE % for the quarter that ended in Sep. 2020 was -8.21%.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Tuniu's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Dec. 2019 ) | (A: Dec. 2018 ) | (A: Dec. 2019 ) | |||||
= | -99.32047278897 | / | ( ( (952.528872554 - 450.72490085274) | + | (940.53352723955 - 534.49235068509) ) | / 2 ) | |
= | -99.32047278897 | / | ( (501.80397170127 | + | 406.04117655446) | / 2 ) | |
= | -99.32047278897 | / | 453.92257412786 | ||||
= | -21.88 % |
Tuniu's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Sep. 2020 ) | (Q: Jun. 2020 ) | (Q: Sep. 2020 ) | |||||
= | -28.740492761284 | / | ( ( (673.57503953909 - 324.09441369182) | + | (655.94778727278 - 304.87534137961) ) | / 2 ) | |
= | -28.740492761284 | / | ( ( 349.48062584727 | + | 351.07244589317 ) | / 2 ) | |
= | -28.740492761284 | / | 350.27653587022 | ||||
= | -8.21 % |
Note: The EBIT data used here is four times the quarterly (Sep. 2020) EBIT data.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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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