Anhui Tongfeng Electronics Co (SHSE:600237) ROCE % : 5.05% (As of Sep. 2024)

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What is Anhui Tongfeng Electronics 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. Anhui Tongfeng Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.05%.

Anhui Tongfeng Electronics Co ROCE % Historical Data

The historical data trend for Anhui Tongfeng Electronics 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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Anhui Tongfeng Electronics Co ROCE % Chart

Anhui Tongfeng Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.24

1.93

4.79

6.94

6.03

Anhui Tongfeng Electronics Co 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															3.44	8.31	6.63	6.69	5.05

Anhui Tongfeng Electronics Co ROCE % Calculation

Anhui Tongfeng Electronics 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 )
	=	93.773	/	( ( (1922.07 - 615.457)	+	(2401.741 - 597.812) )	/ 2 )
	=	93.773	/	( (1306.613	+	1803.929)	/ 2 )
	=	93.773	/	1555.271
	=	6.03 %

Anhui Tongfeng Electronics Co'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 )
	=	94.72	/	( ( (2331.67 - 471.577)	+	(2405.041 - 516.389) )	/ 2 )
	=	94.72	/	( ( 1860.093	+	1888.652 )	/ 2 )
	=	94.72	/	1874.3725
	=	5.05 %

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

Anhui Tongfeng Electronics Co (SHSE:600237) 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.

Anhui Tongfeng Electronics Co ROCE % Related Terms

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Anhui Tongfeng Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anhui Tongfeng Electronics Co Ltd (SHSE:600237) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.399, Cuihu 3rd Road, Tongfeng Industrial Park, Economic and Technological Development Zone, Anhui Province, Tongling, CHN, 244000

Website

http://www.tong-feng.com

Anhui Tongfeng Electronics Co Ltd is engaged in the development of electronic materials, electronic components and power saving equipment in China. Its products include polypropylene film, AC capacitor, Power electronic capacitor, precision connector and others. The company's products are used across various fields such as home appliances, rail transit, clean energy, power transmission, lighting electronics, electronic circuits, electronic display, modern printing, energy-saving applications, automotive electronics, and ship propulsion.

Executives

Huang Yun Kai	Supervisors
Fang Da Ming	Director
Wang Xiao Yun	Director
Jiang Jin Wei	senior management
Xu Wen Huan	Director
Fan Cheng Gao	Director

Anhui Tongfeng Electronics Co Headlines

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