Tederic Machinery Co (SHSE:603289) ROCE % : 5.79% (As of Jun. 2024)

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What is Tederic Machinery 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. Tederic Machinery Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.79%.

Tederic Machinery Co ROCE % Historical Data

The historical data trend for Tederic Machinery 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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Tederic Machinery Co ROCE % Chart

Tederic Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.29

10.33

13.26

8.27

7.56

Tederic Machinery Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															10.21	6.43	2.03	8.94	5.79

Tederic Machinery Co ROCE % Calculation

Tederic Machinery 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 )
	=	104.639	/	( ( (1989.53 - 633.207)	+	(2339.264 - 925.815) )	/ 2 )
	=	104.639	/	( (1356.323	+	1413.449)	/ 2 )
	=	104.639	/	1384.886
	=	7.56 %

Tederic Machinery Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	82.456	/	( ( (2389.079 - 951.698)	+	(2473.16 - 1060.737) )	/ 2 )
	=	82.456	/	( ( 1437.381	+	1412.423 )	/ 2 )
	=	82.456	/	1424.902
	=	5.79 %

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

Tederic Machinery Co (SHSE:603289) 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.

Tederic Machinery Co ROCE % Related Terms

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Tederic Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tederic Machinery Co Ltd (SHSE:603289) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 245, North Wenze Road, Xiasha Street, Hangzhou Economic Technological Development Area, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.tederic-cn.com

Tederic Machinery Co Ltd is an IMM turn-key solution supplier. Its product offering includes DT toggle system series, DH two-platen series, DE full-electric series and multi-components IMM. Its solutions are applied in auto parts and home appliance, industrial and civil products, logistics, utility tunnel and pipe fitting, food and medicine package and electronics and office automation.

Executives

Zhang Li Fang	senior management
Zheng Jian Guo	Director
He Ying	Director
Shao Liang	senior management
Wu Zhen Zhen	Supervisors
Wu Jing Yang	Director

Tederic Machinery Co Headlines

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