Tsaker New Energy Tech Co (HKSE:01986) ROCE % : 2.03% (As of Dec. 2023)

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What is Tsaker New Energy Tech 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. Tsaker New Energy Tech Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.03%.

Tsaker New Energy Tech Co ROCE % Historical Data

The historical data trend for Tsaker New Energy Tech 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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Tsaker New Energy Tech Co ROCE % Chart

Tsaker New Energy Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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41.74

11.90

18.36

16.20

3.91

Tsaker New Energy Tech Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															22.59	11.48	22.12	5.57	2.03

Tsaker New Energy Tech Co ROCE % Calculation

Tsaker New Energy Tech 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 )
	=	96.767	/	( ( (3568.17 - 1155.206)	+	(3777.58 - 1247.085) )	/ 2 )
	=	96.767	/	( (2412.964	+	2530.495)	/ 2 )
	=	96.767	/	2471.7295
	=	3.91 %

Tsaker New Energy Tech 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 )
	=	52.55	/	( ( (3708.454 - 1060.079)	+	(3777.58 - 1247.085) )	/ 2 )
	=	52.55	/	( ( 2648.375	+	2530.495 )	/ 2 )
	=	52.55	/	2589.435
	=	2.03 %

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

Tsaker New Energy Tech Co (HKSE:01986) 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.

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Tsaker New Energy Tech Co (HKSE:01986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tsaker New Energy Tech Co Ltd (HKSE:01986) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Yard 109, Jinghai 3rd Road, 1st Floor, Building 10, Beijing Economic-Technological Development Area, Beijing, CHN, 100020

Website

http://www.tsaker.com

Tsaker New Energy Tech Co Ltd formerly Tsaker Chemical Group Ltd is a manufacturer of dye intermediates, pigment intermediates, battery materials and agricultural chemical intermediates in China. Its operating segments include Dye and agricultural chemical intermediates, Pigment intermediates, Environmental technology consultancy services, and Battery materials. Geographically, it derives the majority of revenue from Mainland China and has a presence in India, Germany, the United States, Taiwan, Spain, Indonesia, Brazil, Italy, Japan, Korea, Turkey, and Other Countries.

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