Time Interconnect Technology (HKSE:01729) ROCE % : 25.02% (As of Sep. 2023)

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What is Time Interconnect 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. Time Interconnect Technology's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.02%.

Time Interconnect Technology ROCE % Historical Data

The historical data trend for Time Interconnect 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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Time Interconnect Technology ROCE % Chart

Time Interconnect Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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59.70

17.56

21.24

23.76

18.86

Time Interconnect Technology Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											21.74	15.88	18.42	23.12	25.02

Time Interconnect Technology ROCE % Calculation

Time Interconnect Technology's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	271.315	/	( ( (2598.964 - 1200.935)	+	(3182.762 - 1703.559) )	/ 2 )
	=	271.315	/	( (1398.029	+	1479.203)	/ 2 )
	=	271.315	/	1438.616
	=	18.86 %

Time Interconnect Technology's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	472.288	/	( ( (6106.964 - 4270.635)	+	(5817.189 - 3878.196) )	/ 2 )
	=	472.288	/	( ( 1836.329	+	1938.993 )	/ 2 )
	=	472.288	/	1887.661
	=	25.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Time Interconnect Technology (HKSE:01729) 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.

Time Interconnect Technology ROCE % Related Terms

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Time Interconnect Technology (HKSE:01729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Time Interconnect Technology Ltd (HKSE:01729) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

5 Science Park East Avenue, Units 213-221, 2/F, Building 5E, Hong Kong Science Park, Shatin, Hong Kong, HKG

Website

https://www.time-interconnect.com

Time Interconnect Technology Ltd is an investment holding company. The company operates in the manufacture and sales of a wide variety of copper, digital cable products, & optical fiber cable assemblies. The firm is organized into two main operating divisions Cable assembly, Digital cables, and Server. The company generates revenue from the Server segment which includes manufacturing and trading of server products. Geographically, the company derives a majority of its revenue from China and also has a presence in the United States of America; Netherlands; Singapore; Hong Kong, and Other Countries. The company serves Telecommunication and Data Communication; Healthcare and Transportation and Industrial markets.

Executives

Wang Laichun	2201 Interest of corporation controlled by you
Wang Laisheng	2201 Interest of corporation controlled by you
Li Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Li Xun Jing Mi Gong Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Time Interconnect Technology (HKSE:01729) Headlines

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