TBEA Co (SHSE:600089) ROCE %

: 6.88% (As of Dec. 2023)

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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. TBEA Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.88%.

TBEA Co ROCE % Historical Data

The historical data trend for TBEA 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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TBEA Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.33

7.08

16.41

27.61

15.22

TBEA Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																31.01	28.24	16.07	10.56	6.88

TBEA Co ROCE % Calculation

TBEA 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 )
	=	18418.852	/	( ( (171013.849 - 57463.13)	+	(191898.316 - 63374.967) )	/ 2 )
	=	18418.852	/	( (113550.719	+	128523.349)	/ 2 )
	=	18418.852	/	121037.034
	=	15.22 %

TBEA Co'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	8738.408	/	( ( (196269.225 - 70832.285)	+	(191898.316 - 63374.967) )	/ 2 )
	=	8738.408	/	( ( 125436.94	+	128523.349 )	/ 2 )
	=	8738.408	/	126980.1445
	=	6.88 %

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

TBEA Co (SHSE:600089) 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.

TBEA Co ROCE % Related Terms

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TBEA Co (SHSE:600089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TBEA Co Ltd (SHSE:600089) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.189 Beijing South Road, Xinjiang Uygur Autonomous Region, Changji, CHN, 831100

Website

http://www.tbea.com

TBEA Co Ltd is a China-based company engaged in offering service providers energy business solutions. The company distributes electric power transmissions and transformation equipment. It provides solutions such as green technology, smart environmental protection, energy equipment for turnkey projects, and system solutions ranging from surveying to design, construction, installation, and commissioning to the integration of training, operation, and maintenance. It also promotes the construction of green and efficient power grids. The company has a business presence in China and international countries.

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