Tian Zheng Intl Precision Machinery (ROCO:6654) ROCE % : -5.41% (As of Dec. 2024)

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What is Tian Zheng Intl Precision Machinery 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 Zheng Intl Precision Machinery's annualized ROCE % for the quarter that ended in Dec. 2024 was -5.41%.

Tian Zheng Intl Precision Machinery ROCE % Historical Data

The historical data trend for Tian Zheng Intl Precision Machinery'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 Zheng Intl Precision Machinery ROCE % Chart

Tian Zheng Intl Precision Machinery Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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10.58

22.67

2.87

-3.42

-5.48

Tian Zheng Intl Precision Machinery Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-11.02	-1.57	-10.93	-3.74	-5.41

Tian Zheng Intl Precision Machinery ROCE % Calculation

Tian Zheng Intl Precision Machinery's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-78.382	/	( ( (2288.075 - 801.821)	+	(2280.569 - 907.777) )	/ 2 )
	=	-78.382	/	( (1486.254	+	1372.792)	/ 2 )
	=	-78.382	/	1429.523
	=	-5.48 %

Tian Zheng Intl Precision Machinery's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-76.056	/	( ( (2313.102 - 874.411)	+	(2280.569 - 907.777) )	/ 2 )
	=	-76.056	/	( ( 1438.691	+	1372.792 )	/ 2 )
	=	-76.056	/	1405.7415
	=	-5.41 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Tian Zheng Intl Precision Machinery (ROCO:6654) 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 Zheng Intl Precision Machinery ROCE % Related Terms

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Tian Zheng Intl Precision Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tian Zheng Intl Precision Machinery (ROCO:6654) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 295-2, Fengren Road, Renwu District, Kaohsiung, TWN

Website

http://www.tz-int.com

Tian Zheng Intl Precision Machinery is engaged in self Automation and mechanical engineering design, processing and manufacturing, assembly and consumer optoelectronic product design, manufacturing and sales. Its products include resistance test packaging machine, LED sorting machine, drilling machine, punch machine, winding inductance measuring charter, capacitance test packaging machine.

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