Tianjin Hi-Tech Development Co (SHSE:600082) ROCE % : -0.38% (As of Sep. 2023)

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What is Tianjin Hi-Tech Development 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. Tianjin Hi-Tech Development Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.38%.

Tianjin Hi-Tech Development Co ROCE % Historical Data

The historical data trend for Tianjin Hi-Tech Development 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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Tianjin Hi-Tech Development Co ROCE % Chart

Tianjin Hi-Tech Development Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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5.12

5.30

6.03

4.18

3.68

Tianjin Hi-Tech Development Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-0.08	14.70	2.09	0.02	-0.38

Tianjin Hi-Tech Development Co ROCE % Calculation

Tianjin Hi-Tech Development Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	69.191	/	( ( (2810.922 - 914.776)	+	(2796.043 - 930.098) )	/ 2 )
	=	69.191	/	( (1896.146	+	1865.945)	/ 2 )
	=	69.191	/	1881.0455
	=	3.68 %

Tianjin Hi-Tech Development Co'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-7.268	/	( ( (2709.946 - 791.055)	+	(2963.506 - 1081.738) )	/ 2 )
	=	-7.268	/	( ( 1918.891	+	1881.768 )	/ 2 )
	=	-7.268	/	1900.3295
	=	-0.38 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Tianjin Hi-Tech Development Co (SHSE:600082) 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.

Tianjin Hi-Tech Development Co ROCE % Related Terms

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Tianjin Hi-Tech Development Co (SHSE:600082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Hi-Tech Development Co Ltd (SHSE:600082) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 6 Haitai Development 6th Road, High-Tech Development Building, Block G, 11F, Huayuan Technology Park, Binhai Hi-Tech Industrial, Tianjin, Tianjin, CHN, 300384

Website

http://www.hitech-develop.com

Tianjin Hi-Tech Development Co Ltd is engaged in investing in high-tech companies, as well as provides business incubation, rental and leasing, and technical services. Through its subsidiaries, the company sells computer network products, develops computer software, and builds a telecommunication broadband network.

Tianjin Hi-Tech Development Co (SHSE:600082) Headlines

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