Great Tang Bid Technology (Great Tang Bid Technology) ROCE % : 0.00% (As of Mar. 2022)

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What is Great Tang Bid Technology 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. Great Tang Bid Technology's annualized ROCE % for the quarter that ended in Mar. 2022 was 0.00%.

Great Tang Bid Technology ROCE % Historical Data

The historical data trend for Great Tang Bid Technology'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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Great Tang Bid Technology ROCE % Chart

Great Tang Bid Technology Annual Data

Trend

May07

May08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec20

Dec21

ROCE %

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-292.87

Great Tang Bid Technology Quarterly Data
	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Great Tang Bid Technology ROCE % Calculation

Great Tang Bid Technology's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-0.002	/	( ( (0 - 0.01)	+	(0 - 0) )	/ 1 )
	=	-0.002	/	( (-0.01	+	0)	/ 1 )
	=	-0.002	/	-0.01
	=	20.00 %

Great Tang Bid Technology's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Dec. 2021 )		(Q: Mar. 2022 )
	=	-0.08	/	( ( (0 - 0)	+	(0 - 0.02) )	/ 1 )
	=	-0.08	/	( ( 0	+	-0.02 )	/ 1 )
	=	-0.08	/	-0.02
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2022) EBIT data.

Great Tang Bid Technology (OTCPK:GTBT) 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.

Great Tang Bid Technology ROCE % Related Terms

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Great Tang Bid Technology (Great Tang Bid Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Great Tang Bid Technology Inc (OTCPK:GTBT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

http://espchem.com

Great Tang Bid Technology Inc formerly ESP Resources Inc through its subsidiaries manufacture, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry. The company provides services for the upstream and downstream sectors of the energy industry, including new construction, onshore and offshore production, gathering, refining facilities and pipelines. Its products include analysis and formulation products, production chemicals and completion chemicals. The firm operates in the United States of America.

Executives

Robert H Geiges	officer: Chief Financial Officer	9224 N LONGFEATHER, FOUNTAIN HILLS AZ 85268
David Dugas	director, officer: Chief Executive Officer	1255 LIONS CLUB ROAD, SCOTT LA 70583
William M Cox	director	111 LIONS CLUB STREET, SCOTT LA 70583
Tony Primeaux	director, officer: Vice-President	111 LIONS CLUB STREET, SCOTT LA 70583
Christopher Sean Metcalf	director, officer: President and CEO	815-A BRAZOS ST., #322, AUSTIN TX 78701
Celine Totman	director, officer: Secretary Treasurer	3316 WEST 1ST AVENUE, VANCOUVER A1 V6R 1G4
Peter Hughes	director, officer: President and CEO	3316 WEST 1ST AVENUE, VANCOUVER A1 V6R 1G4

Great Tang Bid Technology (Great Tang Bid Technology) Headlines

From GuruFocus

Great Tang Bid Technology, Inc. Announces Letter of Intent to Acquire Great Tang Digital Limited of Hong Kong

By ACCESSWIRE ACCESSWIRE • 01-20-2022