Triumph New Energy Co (FRA:LUG) ROCE % : -10.11% (As of Sep. 2024)

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What is Triumph New Energy 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. Triumph New Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.11%.

Triumph New Energy Co ROCE % Historical Data

The historical data trend for Triumph New Energy 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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Triumph New Energy Co ROCE % Chart

Triumph New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.88

26.31

11.81

9.22

7.78

Triumph New Energy Co Quarterly Data
	Dec19	Mar20	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															7.42	12.40	1.30	-2.24	-10.11

Triumph New Energy Co ROCE % Calculation

Triumph New Energy 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 )
	=	75.135	/	( ( (1430.671 - 561.545)	+	(1596.062 - 533.568) )	/ 2 )
	=	75.135	/	( (869.126	+	1062.494)	/ 2 )
	=	75.135	/	965.81
	=	7.78 %

Triumph New Energy 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 )
	=	-102.412	/	( ( (1636.88 - 600.421)	+	(1615.083 - 626.001) )	/ 2 )
	=	-102.412	/	( ( 1036.459	+	989.082 )	/ 2 )
	=	-102.412	/	1012.7705
	=	-10.11 %

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

Triumph New Energy Co (FRA:LUG) 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.

Triumph New Energy Co ROCE % Related Terms

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Triumph New Energy Co Business Description

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01108:Hong Kong 600876:China

Address

No. 9, Tang Gong Zhong Lu, Xigong District, Henan Province, Luoyang, CHN, 471009

Website

http://www.zhglb.com

Triumph New Energy Co Ltd formerly Luoyang Glass Co Ltd is engaged in the research and development, manufacturing, and sales of new energy materials. main products include glass for double-glass modules, AR photovoltaic coating glass, high transparent photovoltaic toughened glass, and other photovoltaic cell packaging materials for solar equipment. The company generates revenue from the production and sales of products. Its business segments are Namely new energy glass segment and Other functional glass.

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