TCL Technology Group (SZSE:000100) ROCE %

: 7.05% (As of Sep. 2023)

View and export this data going back to 2004. Start your Free Trial

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. TCL Technology Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.05%.

TCL Technology Group ROCE % Historical Data

The historical data trend for TCL Technology Group'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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 6.65 [6] => 5.10 [7] => 5.40 [8] => 10.47 [9] => 2.21 )

TCL Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

6.65

5.10

5.40

10.47

2.21

TCL Technology Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																1.44	1.14	1.69	4.69	7.05

TCL Technology Group ROCE % Calculation

TCL Technology Group'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 )
	=	5525.059	/	( ( (308749.695 - 80778.939)	+	(359996.232 - 87540.684) )	/ 2 )
	=	5525.059	/	( (227970.756	+	272455.548)	/ 2 )
	=	5525.059	/	250213.152
	=	2.21 %

TCL Technology Group'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 )
	=	20762.368	/	( ( (381324.492 - 90912.298)	+	(389212.033 - 90899.578) )	/ 2 )
	=	20762.368	/	( ( 290412.194	+	298312.455 )	/ 2 )
	=	20762.368	/	294362.3245
	=	7.05 %

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

TCL Technology Group (SZSE:000100) 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.

TCL Technology Group ROCE % Related Terms

Thank you for viewing the detailed overview of TCL Technology Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

TCL Technology Group (SZSE:000100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TCL Technology Group Corp (SZSE:000100) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

17 Huifeng Third Road, TCL Technology Building, Zhongkai Hi-Tech Development District, Guangdong Province, Huizhou, CHN, 516001

Website

https://www.tcltech.com

TCL Technology Group Corp is a consumer electronics company in China. The company's operating segment includes Semi-conductor display and materials business; Distribution business; Semi-conductor photovoltaic and semi-conductor materials business and Other businesses. It generates maximum revenue from Semi-conductor display and materials business segment. The Semi-conductor display and materials business segment mainly includes research and development, manufacturing and sales of semiconductor display panels and semiconductor display modules.

TCL Technology Group (SZSE:000100) Headlines

No Headlines