Tianyang New material (Shanghai) Technology Co (SHSE:603330) ROCE % : -2.95% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Tianyang New material (Shanghai) Technology 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. Tianyang New material (Shanghai) Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.95%.

Tianyang New material (Shanghai) Technology Co ROCE % Historical Data

The historical data trend for Tianyang New material (Shanghai) Technology 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.

* Premium members only.

Tianyang New material (Shanghai) Technology Co ROCE % Chart

Tianyang New material (Shanghai) Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

4.21

9.77

14.52

-3.84

-3.40

Tianyang New material (Shanghai) Technology 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															-4.87	-7.26	3.52	-0.22	-2.95

Tianyang New material (Shanghai) Technology Co ROCE % Calculation

Tianyang New material (Shanghai) Technology 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 )
	=	-54.295	/	( ( (2297.836 - 1177.348)	+	(2880.494 - 811.328) )	/ 2 )
	=	-54.295	/	( (1120.488	+	2069.166)	/ 2 )
	=	-54.295	/	1594.827
	=	-3.40 %

Tianyang New material (Shanghai) Technology 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 )
	=	-58.932	/	( ( (2976.207 - 966.271)	+	(2974.725 - 983.964) )	/ 2 )
	=	-58.932	/	( ( 2009.936	+	1990.761 )	/ 2 )
	=	-58.932	/	2000.3485
	=	-2.95 %

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

Tianyang New material (Shanghai) Technology Co (SHSE:603330) 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.

Tianyang New material (Shanghai) Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Tianyang New material (Shanghai) Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianyang New material (Shanghai) Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianyang New material (Shanghai) Technology Co Ltd (SHSE:603330) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 505, Huiping Road, Nanxiang Town, Jiading District, Shanghai, CHN, 201802

Website

http://www.hotmelt.com.cn

Tianyang New material (Shanghai) Technology Co Ltd formerly Shanghai Tianyang Hot Melt Adhesives Co Ltd is principally engaged in research and development, manufacture and sales of thermoplastic environmental protection adhesive materials. It offers copolyester and copolyamide powders; and web, film, and PUR adhesives; adhesive tapes and EVA solar films; and hot melt adhesive particles, powders, and films. Its products are mainly applied in the fields of shoes and clothes, automotive trims, solar cell packaging, household textiles, electronics, industrial filtration, hot melt adhesive products, printing and packaging, furnishings and coating, among others.

Executives

Ma Xi Mei	Director
Li Tie Shan	Director
Li Zhe Long	Director
Shang Xiao Lu	Director
Sun Gao Feng	Supervisors
Zhang Jian Hong	Supervisors
Ma Sheng Jia	Supervisors
Zhu Wan Yu	Director

Tianyang New material (Shanghai) Technology Co Headlines

No Headlines