Tiand Di Science & Technology Co (SHSE:600582) ROCE % : 10.25% (As of Dec. 2023)

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What is Tiand Di Science & Technology 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. Tiand Di Science & Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.25%.

Tiand Di Science & Technology Co ROCE % Historical Data

The historical data trend for Tiand Di Science & Technology 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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Tiand Di Science & Technology Co ROCE % Chart

Tiand Di Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.56

7.85

9.14

11.49

12.92

Tiand Di Science & Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.85	14.06	15.12	12.09	10.25

Tiand Di Science & Technology Co ROCE % Calculation

Tiand Di Science & Technology 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 )
	=	3817.681	/	( ( (43443.029 - 15917.01)	+	(53232.495 - 21662.636) )	/ 2 )
	=	3817.681	/	( (27526.019	+	31569.859)	/ 2 )
	=	3817.681	/	29547.939
	=	12.92 %

Tiand Di Science & Technology 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 )
	=	3201.672	/	( ( (51226.894 - 20315.917)	+	(53232.495 - 21662.636) )	/ 2 )
	=	3201.672	/	( ( 30910.977	+	31569.859 )	/ 2 )
	=	3201.672	/	31240.418
	=	10.25 %

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

Tiand Di Science & Technology Co (SHSE:600582) 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.

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Tiand Di Science & Technology Co (SHSE:600582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tiand Di Science & Technology Co Ltd (SHSE:600582) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 5 Qing Nian Gou Road, He Ping Avenue, Chaoyang District, Beijing, CHN, 100013

Website

http://www.tdtec.com

Tiand Di Science & Technology Co Ltd is a China-based company. The company's main business includes mine production process automation, mechanization, information equipment development, manufacturing, and system integration; coal washing equipment development and manufacturing and general contracting of the coal preparation plant.

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