Tibet Urban Development and Investment Co (SHSE:600773) ROCE % : -1.27% (As of Sep. 2024)

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What is Tibet Urban Development and Investment 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. Tibet Urban Development and Investment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.27%.

Tibet Urban Development and Investment Co ROCE % Historical Data

The historical data trend for Tibet Urban Development and Investment 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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Tibet Urban Development and Investment Co ROCE % Chart

Tibet Urban Development and Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.74

3.02

3.96

4.32

2.96

Tibet Urban Development and Investment 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															2.76	1.07	-1.80	-1.47	-1.27

Tibet Urban Development and Investment Co ROCE % Calculation

Tibet Urban Development and Investment 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 )
	=	204.254	/	( ( (13944.528 - 6745.701)	+	(13506.859 - 6914.138) )	/ 2 )
	=	204.254	/	( (7198.827	+	6592.721)	/ 2 )
	=	204.254	/	6895.774
	=	2.96 %

Tibet Urban Development and Investment 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 )
	=	-108.848	/	( ( (14992.048 - 6129.103)	+	(14593.669 - 6365.902) )	/ 2 )
	=	-108.848	/	( ( 8862.945	+	8227.767 )	/ 2 )
	=	-108.848	/	8545.356
	=	-1.27 %

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

Tibet Urban Development and Investment Co (SHSE:600773) 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.

Tibet Urban Development and Investment Co ROCE % Related Terms

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Tibet Urban Development and Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tibet Urban Development and Investment Co Ltd (SHSE:600773) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Boda Road, Tianmu Middle Road, Room 311, 3rd Floor, Jintai Group Office Building, A1-10, 21st Floor, North Building, No. 380, Economic Development Zone, Lhasa, Tibet Autonomous, Shanghai, CHN, 850030

Website

http://www.600773sh.com

Tibet Urban Development and Investment Co Ltd is engaged in real estate, development and operation, leasing.

Executives

Zhang Ze Yun	senior management
Ceng Yuan Chun	senior management
Wu Su Fen	Supervisors
Tao Ying	senior management
Wang De Yin	senior management
Wu Jing Dong	senior management
Liu Hui Quan	Supervisors

Tibet Urban Development and Investment Co Headlines

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