Tianjin Construction Development Group Co (HKSE:02515) ROCE % : 9.13% (As of Jun. 2024)

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What is Tianjin Construction Development Group 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 Construction Development Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.13%.

Tianjin Construction Development Group Co ROCE % Historical Data

The historical data trend for Tianjin Construction Development Group 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 Construction Development Group Co ROCE % Chart

Tianjin Construction Development Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

9.60

47.94

26.98

24.55

Tianjin Construction Development Group Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			3.08	47.44	25.23	26.08	9.13

Tianjin Construction Development Group Co ROCE % Calculation

Tianjin Construction Development Group 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 )
	=	51.751	/	( ( (482.554 - 307.342)	+	(608.603 - 362.143) )	/ 2 )
	=	51.751	/	( (175.212	+	246.46)	/ 2 )
	=	51.751	/	210.836
	=	24.55 %

Tianjin Construction Development Group 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 )
	=	27.208	/	( ( (608.603 - 362.143)	+	(658.697 - 309.021) )	/ 2 )
	=	27.208	/	( ( 246.46	+	349.676 )	/ 2 )
	=	27.208	/	298.068
	=	9.13 %

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

Tianjin Construction Development Group Co (HKSE:02515) 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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Tianjin Construction Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tianjin Construction Development Group Co Ltd (HKSE:02515) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 112 Dongting Road, Economic and Technological Development Zone, Binhai New Area, Tianjin, CHN

Website

https://www.tjcdg.com

Tianjin Construction Development Group Co Ltd is a construction group based in Tianjin that offers comprehensive construction services. It is engaged in the construction business and strove to provide high-quality construction services to its customers by leveraging its self-developed Jiexiao System, a comprehensive construction project management software equipped with multiple functions including cost monitoring, progress measuring and resources tracking.

Executives

Huatai Securities Co., Ltd.

2201 Interest of corporation controlled by you

Tianjin Construction Development Group Co Headlines

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