Thinker Agricultural Machinery Co (SHSE:603789) ROCE % : -17.43% (As of Sep. 2024)

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What is Thinker Agricultural 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. Thinker Agricultural Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -17.43%.

Thinker Agricultural Machinery Co ROCE % Historical Data

The historical data trend for Thinker Agricultural 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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Thinker Agricultural Machinery Co ROCE % Chart

Thinker Agricultural Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.10

-28.35

-24.08

-22.63

-7.09

Thinker Agricultural Machinery 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															-7.81	-21.87	-13.84	-19.16	-17.43

Thinker Agricultural Machinery Co ROCE % Calculation

Thinker Agricultural 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 )
	=	-40.956	/	( ( (1076.069 - 519.137)	+	(1296.613 - 697.489) )	/ 2 )
	=	-40.956	/	( (556.932	+	599.124)	/ 2 )
	=	-40.956	/	578.028
	=	-7.09 %

Thinker Agricultural Machinery 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 )
	=	-96.38	/	( ( (1236.643 - 682.852)	+	(1184.146 - 631.947) )	/ 2 )
	=	-96.38	/	( ( 553.791	+	552.199 )	/ 2 )
	=	-96.38	/	552.995
	=	-17.43 %

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

Thinker Agricultural Machinery Co (SHSE:603789) 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.

Thinker Agricultural Machinery Co ROCE % Related Terms

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Thinker Agricultural Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Thinker Agricultural Machinery Co Ltd (SHSE:603789) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1688 Xingguang Street, Hefu Town, Zhejiang Province, Huzhou, CHN, 313017

Website

http://www.xg1688.com

Thinker Agricultural Machinery Co Ltd is engaged in research and development, manufacturing, sales and service of agricultural machinery. The products of the company include grain processing machinery, power machinery, forage harvesting machinery, and grain crop harvesting machinery.

Executives

Zhang Fen Fei	senior management
Xu Min Sheng	Director
Shi Jian	senior management
Wang Li Ming	senior management
He De Jun	Director
Wu Hai Juan	senior management
Zheng Bin	Directors, senior managers
Zheng Jing Hui	Director
Tong Bin	senior management
Jiang Zheng Guang	senior management
Liu Tao	senior management
Zhang Shen Qiang	Director
Zhou Guo Qiang	senior management
Qian Ju Ping	Director
Li Jin Quan	Director

Thinker Agricultural Machinery Co Headlines

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