Tian Tu Capital Co (HKSE:01973) ROCE % : -8.84% (As of Dec. 2023)

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What is Tian Tu Capital 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. Tian Tu Capital Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.84%.

Tian Tu Capital Co ROCE % Historical Data

The historical data trend for Tian Tu Capital 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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Tian Tu Capital Co ROCE % Chart

Tian Tu Capital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

7.81

5.62

1.67

-5.30

Tian Tu Capital Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			1.81	1.63	-1.94	-8.84	-9.82

Tian Tu Capital Co ROCE % Calculation

Tian Tu Capital 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 )
	=	-973.811	/	( ( (19601.649 - 484.499)	+	(18292.294 - 631.534) )	/ 2 )
	=	-973.811	/	( (19117.15	+	17660.76)	/ 2 )
	=	-973.811	/	18388.955
	=	-5.30 %

Tian Tu Capital Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1585.08	/	( ( (18856.829 - 650.499)	+	(18292.294 - 631.534) )	/ 2 )
	=	-1585.08	/	( ( 18206.33	+	17660.76 )	/ 2 )
	=	-1585.08	/	17933.545
	=	-8.84 %

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

Tian Tu Capital Co (HKSE:01973) 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.

Tian Tu Capital Co ROCE % Related Terms

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Tian Tu Capital Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tian Tu Capital Co Ltd (HKSE:01973) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4068 Qiaoxiang Road, 23/Floor-2/3, Building B, Intelligence Plaza, Nanshan, Shenzhen, CHN

Website

http://www.tiantucapital.com

Tian Tu Capital Co Ltd is a leading private equity investor and fund manager committed to driving the growth of Chinese consumer brands and companies. It manages capital for institutional investors and high-net-worth individuals and makes investments through its funds under management and directly using its own capital.

Executives

Atrenew Inc.	2101 Beneficial owner
Liberty Yard Limited	2101 Beneficial owner
Wen Liyuan	2201 Interest of corporation controlled by you
Cao Minghui	2201 Interest of corporation controlled by you
Marvel Horizon Limited	2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Hai Nuo Tou Zi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Qing Dao Hai Ming Cheng Shi Fa Zhan You Xian Gong Si	2101 Beneficial owner
Chang Cheng Ji Jin Guan Li You Xian Gong Si	2301 Trustee
Qing Dao Jing Ji Ji Shu Kai Fa Qu Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Jing Ji Ji Shu Kai Fa Qu Jin Rong Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Fu Tian Yin Dao Ji Jin Tou Zi You Xian Gong Si	2101 Beneficial owner

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