Zhejiang Tenchen Controls Co (SHSE:603085) ROCE % : 5.35% (As of Sep. 2024)

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What is Zhejiang Tenchen Controls 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. Zhejiang Tenchen Controls Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.35%.

Zhejiang Tenchen Controls Co ROCE % Historical Data

The historical data trend for Zhejiang Tenchen Controls 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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Zhejiang Tenchen Controls Co ROCE % Chart

Zhejiang Tenchen Controls Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-51.48

7.65

3.15

-18.79

2.47

Zhejiang Tenchen Controls 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															1.69	3.59	3.51	1.67	5.35

Zhejiang Tenchen Controls Co ROCE % Calculation

Zhejiang Tenchen Controls 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 )
	=	32.333	/	( ( (2384.796 - 1069.185)	+	(2605.915 - 1302.912) )	/ 2 )
	=	32.333	/	( (1315.611	+	1303.003)	/ 2 )
	=	32.333	/	1309.307
	=	2.47 %

Zhejiang Tenchen Controls 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 )
	=	76.152	/	( ( (2914.043 - 1504.739)	+	(3152.998 - 1716.45) )	/ 2 )
	=	76.152	/	( ( 1409.304	+	1436.548 )	/ 2 )
	=	76.152	/	1422.926
	=	5.35 %

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

Zhejiang Tenchen Controls Co (SHSE:603085) 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.

Zhejiang Tenchen Controls Co ROCE % Related Terms

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Zhejiang Tenchen Controls Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Tenchen Controls Co Ltd (SHSE:603085) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West Industrial Zone, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200

Website

https://www.china-tc.com

Zhejiang Tenchen Controls Co Ltd is engaged in the development, production, sales, and service of vehicle seats. The company's products include engineering machinery seats, commercial vehicle seats, agricultural machinery seats, and passenger car seats.

Executives

Chen Bang Rui

Directors, senior managers

Zhejiang Tenchen Controls Co Headlines

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