Triangle Tyre Co (SHSE:601163) ROCE % : 9.02% (As of Sep. 2024)

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What is Triangle Tyre 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. Triangle Tyre Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.02%.

Triangle Tyre Co ROCE % Historical Data

The historical data trend for Triangle Tyre 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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Triangle Tyre Co ROCE % Chart

Triangle Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.65

11.38

6.16

7.23

12.95

Triangle Tyre 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															15.80	12.20	10.56	11.52	9.02

Triangle Tyre Co ROCE % Calculation

Triangle Tyre 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 )
	=	1663.968	/	( ( (17693.317 - 5402.024)	+	(18758.173 - 5356.876) )	/ 2 )
	=	1663.968	/	( (12291.293	+	13401.297)	/ 2 )
	=	1663.968	/	12846.295
	=	12.95 %

Triangle Tyre 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 )
	=	1216.08	/	( ( (19112.785 - 5754.446)	+	(18866.047 - 5246.169) )	/ 2 )
	=	1216.08	/	( ( 13358.339	+	13619.878 )	/ 2 )
	=	1216.08	/	13489.1085
	=	9.02 %

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

Triangle Tyre Co (SHSE:601163) 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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Triangle Tyre Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Triangle Tyre Co Ltd (SHSE:601163) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

56 Middle Qingdao Road, Shandong Province, Weihai, CHN, 264200

Website

http://www.triangle.com.cn

Triangle Tyre Co Ltd is a tire manufacturing company. Its range of products covers commercial tires, passenger tires, bias OTR tires, radial OTR tires, jumbo OTR tires and others. It holds enormous foreign and Chinese patent portfolio and plays the key role in setting national and professional tire industry standards. Further, it has built a global partnership with various brands such as Caterpillar, Terex, Doosan, Hyundai and Volvo and others. Geographically, its presence is seen in both Chinese and international market.

Executives

Ding Mu	Director
Ding Yu Hua	Director

Triangle Tyre Co Headlines

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