Tianye Innovation (BJSE:832023) ROCE % : 2.14% (As of Sep. 2024)

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What is Tianye Innovation 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. Tianye Innovation's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.14%.

Tianye Innovation ROCE % Historical Data

The historical data trend for Tianye Innovation'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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Tianye Innovation ROCE % Chart

Tianye Innovation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.95

3.63

8.60

6.32

3.34

Tianye Innovation Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															1.94	3.09	2.90	6.12	2.14

Tianye Innovation ROCE % Calculation

Tianye Innovation'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 )
	=	39.85	/	( ( (1262.856 - 204.902)	+	(1474.779 - 147.839) )	/ 2 )
	=	39.85	/	( (1057.954	+	1326.94)	/ 2 )
	=	39.85	/	1192.447
	=	3.34 %

Tianye Innovation's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	29.708	/	( ( (1555.386 - 171.799)	+	(1587.066 - 188.758) )	/ 2 )
	=	29.708	/	( ( 1383.587	+	1398.308 )	/ 2 )
	=	29.708	/	1390.9475
	=	2.14 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Tianye Innovation (BJSE:832023) 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.

Tianye Innovation ROCE % Related Terms

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Tianye Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tianye Innovation Corp (BJSE:832023) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chuangye Avenue, Industrial Park, Hepu County, Guangxi Zhuang Autonomous Region, Beihai City, CHN, 536100

Website

http://www.tygfny.cn

Tianye Innovation Corp engages in research and development, production, and sales of tropical fruit and vegetable raw material products. Its product range consists NFC frozen powder, juice series, Juice Concentrate, Frozen block, diced series, Preserved fruit freeze-dried series, Beverage series, and Fresh Fruit Series.

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