Fujian Tianma Science and Technology Group Co (SHSE:603668) ROCE % : 6.98% (As of Sep. 2024)

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What is Fujian Tianma Science and Technology Group 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. Fujian Tianma Science and Technology Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.98%.

Fujian Tianma Science and Technology Group Co ROCE % Historical Data

The historical data trend for Fujian Tianma Science and Technology Group 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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Fujian Tianma Science and Technology Group Co ROCE % Chart

Fujian Tianma Science and Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.93

9.41

7.04

8.29

-0.82

Fujian Tianma Science and Technology Group 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															0.63	-8.65	3.10	10.17	6.98

Fujian Tianma Science and Technology Group Co ROCE % Calculation

Fujian Tianma Science and Technology Group 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 )
	=	-31.597	/	( ( (7623.153 - 4044.963)	+	(9075.191 - 4902.79) )	/ 2 )
	=	-31.597	/	( (3578.19	+	4172.401)	/ 2 )
	=	-31.597	/	3875.2955
	=	-0.82 %

Fujian Tianma Science and Technology Group 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 )
	=	287.524	/	( ( (8775.446 - 4653.987)	+	(8913.7 - 4792.747) )	/ 2 )
	=	287.524	/	( ( 4121.459	+	4120.953 )	/ 2 )
	=	287.524	/	4121.206
	=	6.98 %

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

Fujian Tianma Science and Technology Group Co (SHSE:603668) 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.

Fujian Tianma Science and Technology Group Co ROCE % Related Terms

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Fujian Tianma Science and Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fujian Tianma Science and Technology Group Co Ltd (SHSE:603668) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shangyu Town Industrial Zone, Fujian Province, Fuqing, CHN, 350308

Website

http://www.jolma.cn

Fujian Tianma Science and Technology Group Co Ltd is engaged in development, production and sale of aquatic compound feedstuff. Its business scope covers special aquatic feed, bioengineering, international trade and other fields. The product portfolio of the company includes turbot, yellow catfish compound feed, squid compound feed, marine fish compound feed, turtle compound feed, golden carp mixed feed, blue larva compound feed, and bullfrog compound feed among others. The company has a business presence in China and other countries.

Executives

He Xiu Ming	Supervisors
Ceng Li Li	Director
Zheng Kun	Director
Luo Fu Zhen	Supervisors
Lin Jia Xing	Director
Shi Hui Hong	senior management
Chen Qing Tang	Director
Chen Jia Cheng	Director
Dai Wen Zeng	senior management
Wu Jing Hong	Supervisors
Qiu Jin Mou	Directors, senior managers
Yao Jian Zhong	Supervisors
He Teng Fei	senior management
Ye Song Qing	senior management
Deng Xiao Hui	senior management

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