Tianjin Tianbao Energy Co (HKSE:01671) ROCE % : 4.45% (As of Jun. 2024)

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What is Tianjin Tianbao 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. Tianjin Tianbao Energy Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.45%.

Tianjin Tianbao Energy Co ROCE % Historical Data

The historical data trend for Tianjin Tianbao 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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Tianjin Tianbao Energy Co ROCE % Chart

Tianjin Tianbao Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.70

11.02

4.15

5.73

2.48

Tianjin Tianbao Energy Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												-0.62	12.45	2.60	2.27	4.45

Tianjin Tianbao Energy Co ROCE % Calculation

Tianjin Tianbao 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 )
	=	18.125	/	( ( (1188.64 - 489.144)	+	(1191.227 - 428.924) )	/ 2 )
	=	18.125	/	( (699.496	+	762.303)	/ 2 )
	=	18.125	/	730.8995
	=	2.48 %

Tianjin Tianbao Energy Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	33.794	/	( ( (1191.227 - 428.924)	+	(1158.651 - 403.466) )	/ 2 )
	=	33.794	/	( ( 762.303	+	755.185 )	/ 2 )
	=	33.794	/	758.744
	=	4.45 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Tianjin Tianbao Energy Co (HKSE:01671) 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.

Tianjin Tianbao Energy Co ROCE % Related Terms

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Tianjin Tianbao Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tianjin Tianbao Energy Co Ltd (HKSE:01671) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35, Haibin 8th Road, Tianjin Port Free Trade Zone, Tianjin, CHN, 300461

Website

https://www.tjtbny.com

Tianjin Tianbao Energy Co Ltd is a power operator in the Tianjin Port Free Trade Zone (Seaport and Lingang). The company is engaged in the cogeneration of steam, together with electricity, heating and cooling. The company's operations comprise i) power generation and supply; ii) electricity dispatch and sale; iii) development and operation of distributed photovoltaic power generation stations and iv) contractual energy management, energy conservation management services, vehicle charging sales, electric vehicle charging infrastructure operation, and wind power generation technology services. Its operating segments include Electricity dispatch and sale business, Power generation and supply business, and Others. It derives revenue from Power generation and supply business.

Executives

Yuan Andy Yun Nan	2101 Beneficial owner
Tian Jin Bao Shui Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Tian Bao Kong Gu You Xian Gong Si	2101 Beneficial owner

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