Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) ROCE % : 12.85% (As of Sep. 2024)

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What is Tianfangbiao Standardization Certification and Testing 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. Tianfangbiao Standardization Certification and Testing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.85%.

Tianfangbiao Standardization Certification and Testing Co ROCE % Historical Data

The historical data trend for Tianfangbiao Standardization Certification and Testing 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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Tianfangbiao Standardization Certification and Testing Co ROCE % Chart

Tianfangbiao Standardization Certification and Testing Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.66

33.92

12.70

8.83

8.17

Tianfangbiao Standardization Certification and Testing Co Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															12.23	11.25	2.38	9.10	12.85

Tianfangbiao Standardization Certification and Testing Co ROCE % Calculation

Tianfangbiao Standardization Certification and Testing 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 )
	=	35.273	/	( ( (451.365 - 19.922)	+	(456.088 - 24.298) )	/ 2 )
	=	35.273	/	( (431.443	+	431.79)	/ 2 )
	=	35.273	/	431.6165
	=	8.17 %

Tianfangbiao Standardization Certification and Testing Co'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 )
	=	53.796	/	( ( (466.35 - 47.939)	+	(461.778 - 43.208) )	/ 2 )
	=	53.796	/	( ( 418.411	+	418.57 )	/ 2 )
	=	53.796	/	418.4905
	=	12.85 %

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

Tianfangbiao Standardization Certification and Testing Co (BJSE:871753) 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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Tianfangbiao Standardization Certification and Testing Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tianfangbiao Standardization Certification and Testing Co Ltd (BJSE:871753) » Definitions » ROCE %

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Address

No. 158, Hanghai Road,, Tianjin Pilot Free Trade Zone, Airport Economic Zone, Tianjin, CHN, 300308

Website

http://www.cnttts.com

Tianfangbiao Standardization Certification and Testing Co Ltd engage in testing and inspection services for consumer goods, medical devices, and industrial products. Its services comprise Product quality testing and certification services; technical consultation and technical services for textile testing and testing standards; development, consulting, service, transfer, and standard formulation of product quality testing technologies; development, sales, appraisal, and leasing of testing equipment; entrusted testing of product quality.

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