Shandong Taipeng Intelligent Household Products Co (BJSE:873132) ROCE % : -10.21% (As of Sep. 2024)

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What is Shandong Taipeng Intelligent Household Products 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. Shandong Taipeng Intelligent Household Products Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.21%.

Shandong Taipeng Intelligent Household Products Co ROCE % Historical Data

The historical data trend for Shandong Taipeng Intelligent Household Products 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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Shandong Taipeng Intelligent Household Products Co ROCE % Chart

Shandong Taipeng Intelligent Household Products Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.81

73.52

58.51

57.36

21.13

Shandong Taipeng Intelligent Household Products Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														5.19	14.20	32.66	6.25	-10.21

Shandong Taipeng Intelligent Household Products Co ROCE % Calculation

Shandong Taipeng Intelligent Household Products 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 )
	=	37.717	/	( ( (326.442 - 214.149)	+	(400.093 - 155.395) )	/ 2 )
	=	37.717	/	( (112.293	+	244.698)	/ 2 )
	=	37.717	/	178.4955
	=	21.13 %

Shandong Taipeng Intelligent Household Products 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 )
	=	-25.756	/	( ( (359.336 - 104.31)	+	(374.556 - 124.905) )	/ 2 )
	=	-25.756	/	( ( 255.026	+	249.651 )	/ 2 )
	=	-25.756	/	252.3385
	=	-10.21 %

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

Shandong Taipeng Intelligent Household Products Co (BJSE:873132) 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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Shandong Taipeng Intelligent Household Products Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shandong Taipeng Intelligent Household Products Co Ltd (BJSE:873132) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Gongye 1st Road, No. 136, Feicheng High-tech Development Zone, Shandong Province, Tai'an, CHN, 271600

Website

http://www.sdtpjj.com

Shandong Taipeng Intelligent Household Products Co Ltd is engaged in Design, research and development, production and sales of courtyard tents and other outdoor leisure furniture products.

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