TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) ROCE % : -7.74% (As of Mar. 2025)

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What is TCL Zhonghuan Renewable Energy 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. TCL Zhonghuan Renewable Energy Technology Co's annualized ROCE % for the quarter that ended in Mar. 2025 was -7.74%.

TCL Zhonghuan Renewable Energy Technology Co ROCE % Historical Data

The historical data trend for TCL Zhonghuan Renewable Energy 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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TCL Zhonghuan Renewable Energy Technology Co ROCE % Chart

TCL Zhonghuan Renewable Energy Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.41

11.98

11.89

6.06

-10.70

TCL Zhonghuan Renewable Energy Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
ROCE %	Get a 7-Day Free Trial															-2.41	-7.65	-11.45	-20.85	-7.74

TCL Zhonghuan Renewable Energy Technology Co ROCE % Calculation

TCL Zhonghuan Renewable Energy Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-10743.147	/	( ( (125063.043 - 22324.095)	+	(125597.525 - 27524.412) )	/ 2 )
	=	-10743.147	/	( (102738.948	+	98073.113)	/ 2 )
	=	-10743.147	/	100406.0305
	=	-10.70 %

TCL Zhonghuan Renewable Energy Technology Co's ROCE % of for the quarter that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	-7575.396	/	( ( (125597.525 - 27524.412)	+	(124128.632 - 26358.573) )	/ 2 )
	=	-7575.396	/	( ( 98073.113	+	97770.059 )	/ 2 )
	=	-7575.396	/	97921.586
	=	-7.74 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

TCL Zhonghuan Renewable Energy Technology Co (SZSE:002129) 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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TCL Zhonghuan Renewable Energy Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TCL Zhonghuan Renewable Energy Technology Co Ltd (SZSE:002129) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 12 Haitai East Street, Huayuan Technology Park, New and High-Tech Industrial Development Zone, Tianjin, Tianjin, CHN, 300384

Website

http://www.tjsemi.com

TCL Zhonghuan is one of the largest solar silicon wafer producers in China. Solar wafers contributed 59% of revenue in 2024. Zhonghuan also supplies solar modules, which represented 20% of revenue in 2024. In addition, Zhonghuan is also a leading domestic semiconductor silicon wafer producer.

Executives

Li Dong Sheng	Director
Shen Hao Ping	Directors, executives
Xu Qiang	Executives
Sheng Ke Fa	Supervisors
Lu Jian Qiu	Independent director
Teng Xin Nian	Executives
Cong Pei Jin	Directors, executives
Bai Jian Min	Supervisors
Wu Shi Guo	Director
Zhang Ai Hua	Directors, executives
Wu Gui Lan	Executives
Li Shi Zhu	Executives

TCL Zhonghuan Renewable Energy Technology Co Headlines

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