Tian Chang Group Holdings (HKSE:02182) ROCE % : -2.30% (As of Jun. 2024)

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What is Tian Chang Group Holdings 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 Chang Group Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was -2.30%.

Tian Chang Group Holdings ROCE % Historical Data

The historical data trend for Tian Chang Group Holdings'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 Chang Group Holdings ROCE % Chart

Tian Chang Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.29

14.74

15.93

15.37

3.89

Tian Chang Group Holdings Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													14.72	16.01	6.33	1.51	-2.30

Tian Chang Group Holdings ROCE % Calculation

Tian Chang Group Holdings'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 )
	=	31.357	/	( ( (1204.613 - 391.231)	+	(974.381 - 173.686) )	/ 2 )
	=	31.357	/	( (813.382	+	800.695)	/ 2 )
	=	31.357	/	807.0385
	=	3.89 %

Tian Chang Group Holdings'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 )
	=	-18.216	/	( ( (974.381 - 173.686)	+	(954.801 - 170.509) )	/ 2 )
	=	-18.216	/	( ( 800.695	+	784.292 )	/ 2 )
	=	-18.216	/	792.4935
	=	-2.30 %

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

Tian Chang Group Holdings (HKSE:02182) 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 Chang Group Holdings ROCE % Related Terms

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Tian Chang Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tian Chang Group Holdings Ltd (HKSE:02182) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hoi Yuen Road, Workshop Unit 6, 13th Floor, Block B, Hoi Luen Industrial Centre, Kwun Tong, Hong Kong, HKG

Website

https://www.hktcgroup.com

Tian Chang Group Holdings Ltd is principally engaged in manufacturing and sales of electronic cigarette products and providing integrated plastic solutions in Hong Kong and in the PRC. It operates in the segments of Integrated plastic solutions segment, Electronic cigarette products segment, and Medical consumable products segment. The E-cigarettes products segment involves the manufacture and sales of e-cigarette products whereas the Integrated plastic solutions segment consists of the manufacture and sales of moulds and plastic products. It derives key revenue from the PRC.

Executives

Chan Tsan Lam	2101 Beneficial owner
Fung Suk Yee May	2202 Interest of your spouse
Cheng Chak	2101 Beneficial owner
Oceanic Green Group Limited
New Strength Ventures Limited	2101 Beneficial owner
Gold Alliance Ventures Limited	2101 Beneficial owner
New Straits Ventures Limited	2101 Beneficial owner

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