Zhejiang Tony Electronic Co (SHSE:603595) ROCE % : 5.56% (As of Sep. 2024)

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What is Zhejiang Tony Electronic 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 Tony Electronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.56%.

Zhejiang Tony Electronic Co ROCE % Historical Data

The historical data trend for Zhejiang Tony Electronic 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 Tony Electronic Co ROCE % Chart

Zhejiang Tony Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.53

5.91

4.05

5.06

-29.40

Zhejiang Tony Electronic 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															-31.94	-57.24	5.31	-14.22	5.56

Zhejiang Tony Electronic Co ROCE % Calculation

Zhejiang Tony Electronic 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 )
	=	-857.463	/	( ( (4283.858 - 1266.174)	+	(5301.496 - 2486.539) )	/ 2 )
	=	-857.463	/	( (3017.684	+	2814.957)	/ 2 )
	=	-857.463	/	2916.3205
	=	-29.40 %

Zhejiang Tony Electronic 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 )
	=	138.412	/	( ( (5304.218 - 2779.294)	+	(5419.739 - 2966.145) )	/ 2 )
	=	138.412	/	( ( 2524.924	+	2453.594 )	/ 2 )
	=	138.412	/	2489.259
	=	5.56 %

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

Zhejiang Tony Electronic Co (SHSE:603595) 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 Tony Electronic Co ROCE % Related Terms

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Zhejiang Tony Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tony Electronic Co Ltd (SHSE:603595) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

China Town Road No.88, Wuzhou District, Zhejiang Province, Huzhou City, CHN, 313008

Website

http://www.tony-tech.com

Zhejiang Tony Electronic Co Ltd is engaged in the research, manufacturing, and marketing of ultra-fine alloy wire and other metal matrix composite. The major products are ultra-fine conductors and laminating wires. Its ultra-fine conductors and laminating wires are widely applied in electronic, new energy automobile, medical apparatus, and intelligent robot fields; and diamond cutting lines are mainly used in the cutting of hard and brittle materials such as silicon and sapphire.

Executives

Zhong Wei Qin	senior management
Luo Bin Bin	senior management
Chen Quan Qiang	senior management
Ding Yong	senior management
Li Feng	senior management
Wu Yue Juan	Director
Shen Xiao Yu	Director
Shen Xin Fang	Director

Zhejiang Tony Electronic Co Headlines

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