Tianjin Pharmaceutical Da Ren Tang Group (SGX:T14) ROCE % : 11.31% (As of Sep. 2024)

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What is Tianjin Pharmaceutical Da Ren Tang Group 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 Pharmaceutical Da Ren Tang Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.31%.

Tianjin Pharmaceutical Da Ren Tang Group ROCE % Historical Data

The historical data trend for Tianjin Pharmaceutical Da Ren Tang Group'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 Pharmaceutical Da Ren Tang Group ROCE % Chart

Tianjin Pharmaceutical Da Ren Tang Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.63

13.45

13.91

14.06

16.18

Tianjin Pharmaceutical Da Ren Tang Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															9.50	8.28	24.79	18.07	11.31

Tianjin Pharmaceutical Da Ren Tang Group ROCE % Calculation

Tianjin Pharmaceutical Da Ren Tang Group'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 )
	=	158.429	/	( ( (1456.887 - 478.138)	+	(1432.747 - 452.778) )	/ 2 )
	=	158.429	/	( (978.749	+	979.969)	/ 2 )
	=	158.429	/	979.359
	=	16.18 %

Tianjin Pharmaceutical Da Ren Tang Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	105.992	/	( ( (1640.468 - 723.667)	+	(1550.244 - 592.415) )	/ 2 )
	=	105.992	/	( ( 916.801	+	957.829 )	/ 2 )
	=	105.992	/	937.315
	=	11.31 %

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

Tianjin Pharmaceutical Da Ren Tang Group (SGX:T14) 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 Pharmaceutical Da Ren Tang Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd (SGX:T14) » Definitions » ROCE %

Traded in Other Exchanges

2TZ:Germany 600329:China

Address

No. 17 Baidi Road, Zhong Xin Mansion, Nankai District, Tianjin, CHN, 300193

Website

http://www.jydrt.com.cn

Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd is a pharmaceutical manufacturing company. The company manufactures and sells traditional Chinese medicine, western medicine, and healthcare products in the People's Republic of China. It operates in two segments namely The Chinese Medicine segment and The Western Medicine segment. The Chinese Medicine segment manufactures Chinese pharmaceutical products under brands owned by the group. The Western Medicine segment manufactures western pharmaceutical products through cooperation with foreign companies. The company earns the majority of its revenue from the sale of Chinese pharmaceutical products.

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