Tinci Holdings (LSE:TNCS) ROCE %: -2.79% (As of Jun. 2014)


What is Tinci Holdings ROCE %?

Tinci Holdings LSE:TNCS ROCE % is -2.79% as of Jun. 2014. The stock has 2 warning signs investors should review.

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. Tinci Holdings's annualized ROCE % for the quarter that ended in Jun. 2014 was -2.79%.

Tinci Holdings  (LSE:TNCS) 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.

Tinci Holdings ROCE % Related Terms

Tinci Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Tinci 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.

Tinci Holdings ROCE % Chart

Tinci Holdings Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROCE %
Get a 7-Day Free Trial Premium Member Only 1.91 -0.47 1.91 -1.96 1.18

Tinci Holdings Semi-Annual Data
Dec09 Jun10 Dec10 Jun11 Dec11 Dec12 Jun13 Dec13 Jun14
ROCE % Get a 7-Day Free Trial Premium Member Only 2.44 -3.45 3.30 -0.85 -2.79

Tinci Holdings ROCE % Calculation

Tinci Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2013 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2013 )  (A: Dec. 2012 )(A: Dec. 2013 )
=0.166/( ( (24.538 - 10.573) + (24.127 - 9.972) )/ 2 )
=0.166/( (13.965+14.155)/ 2 )
=0.166/14.06
=1.18 %

Tinci Holdings's ROCE % of for the quarter that ended in Jun. 2014 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2014 )  (Q: Dec. 2013 )(Q: Jun. 2014 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2014 )  (Q: Dec. 2013 )(Q: Jun. 2014 )
=-0.38/( ( (24.127 - 9.972) + (25.216 - 12.087) )/ 2 )
=-0.38/( ( 14.155 + 13.129 )/ 2 )
=-0.38/13.642
=-2.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2014) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -2.79% mean?
Tinci Holdings (LSE:TNCS) has a ROCE % of -2.79% as of Jun. 2014.
Is Tinci Holdings' ROCE % too high?
Tinci Holdings' current ROCE % is -2.79%.
How does Tinci Holdings' ROCE % compare to CCTC?
Tinci Holdings' ROCE % of -2.79% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tinci Holdings's current ROCE % is -2.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tinci Holdings stock overvalued right now?
Tinci Holdings (LSE:TNCS) has a current ROCE % of -2.79%. The current ROCE % is -2.79%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Tinci Holdings (LSE:TNCS), the current ROCE % is -2.79% as of Jun. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tinci Holdings Business Description

Tinci Holdings Ltd is engaged in the design, sale and installation of environmental engineering systems to power industry customers and other heavy power users in China. Its core business is the design and management of Flue Gas Desulphurization engineering projects which involve processes to reduce or minimize sulphur dioxide content in industrial and utility coal-fired boiler flue gases.