Ningbo Tianlong Electronics Co (SHSE:603266) ROCE % : 7.32% (As of Sep. 2024)

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What is Ningbo Tianlong 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. Ningbo Tianlong Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.32%.

Ningbo Tianlong Electronics Co ROCE % Historical Data

The historical data trend for Ningbo Tianlong 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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Ningbo Tianlong Electronics Co ROCE % Chart

Ningbo Tianlong Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.34

9.96

9.11

9.70

8.36

Ningbo Tianlong 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															9.84	7.40	9.78	7.15	7.32

Ningbo Tianlong Electronics Co ROCE % Calculation

Ningbo Tianlong 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 )
	=	125.249	/	( ( (1934.971 - 461.273)	+	(2031.471 - 509.411) )	/ 2 )
	=	125.249	/	( (1473.698	+	1522.06)	/ 2 )
	=	125.249	/	1497.879
	=	8.36 %

Ningbo Tianlong 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 )
	=	112.916	/	( ( (1958.402 - 427.692)	+	(2004.489 - 450.65) )	/ 2 )
	=	112.916	/	( ( 1530.71	+	1553.839 )	/ 2 )
	=	112.916	/	1542.2745
	=	7.32 %

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

Ningbo Tianlong Electronics Co (SHSE:603266) 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.

Ningbo Tianlong Electronics Co ROCE % Related Terms

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Ningbo Tianlong Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Tianlong Electronics Co Ltd (SHSE:603266) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 116, Batang Road, Building 3, Hangzhou Bay New Area, Zhejiang Province, Ningbo, CHN, 315336

Website

https://www.ptianlong.com

Ningbo Tianlong Electronics Co Ltd produces and sells plastic parts for electronic products in China. It offers industrial parts for use in medium-low and low voltage products, adapters, and low-voltage terminals and distribution cabinets. It also provides plastic casings for cellular phones and digital cameras; and high precision plastic parts, such as car cooling fans, gear housings, BCM housings, GID/TID housings, brush holders, filter components, and other small components for vehicles. In addition, the company produces molds for consumer products, precision automotive parts, precision industrial products; and plastic parts for printers and other consumer products, wall plates, and power sockets, as well as engages in the turnkey assembly of cell phone and digital camera mockup.

Executives

Yu Zhong Can	Director
Yu Jian Feng	senior management
Shen Chao Hui	Director

Ningbo Tianlong Electronics Co Headlines

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