Tieliu Co (SHSE:603926) ROCE % : 5.58% (As of Sep. 2024)

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What is Tieliu 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. Tieliu Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.58%.

Tieliu Co ROCE % Historical Data

The historical data trend for Tieliu 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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Tieliu Co ROCE % Chart

Tieliu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.22

14.23

12.04

5.17

6.06

Tieliu 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															5.26	4.56	6.44	7.96	5.58

Tieliu Co ROCE % Calculation

Tieliu 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 )
	=	114.177	/	( ( (2593.269 - 743.563)	+	(2817.804 - 901.219) )	/ 2 )
	=	114.177	/	( (1849.706	+	1916.585)	/ 2 )
	=	114.177	/	1883.1455
	=	6.06 %

Tieliu 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 )
	=	106.34	/	( ( (2903.029 - 1007.495)	+	(2947.548 - 1033.462) )	/ 2 )
	=	106.34	/	( ( 1895.534	+	1914.086 )	/ 2 )
	=	106.34	/	1904.81
	=	5.58 %

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

Tieliu Co (SHSE:603926) 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.

Tieliu Co ROCE % Related Terms

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Tieliu Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tieliu Co Ltd (SHSE:603926) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 398, Xingguo Road, Linping Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.chinaclutch.com

Tieliu Co Ltd is engaged in research & development, production and sales of automotive clutches.

Executives

Cen Wei Feng	senior management
Zhao Ding Hua	Directors, senior managers
Zhou Ying	senior management
Fang Jian	Directors, senior managers
Zhao Hui Jun	senior management
Huang Tie Qiao	senior management
Zhu Xiang Yang	senior management
Wu Ling Hai	Director
Xie Mao Qing	Director
Chen Hui Fang	senior management
Chen Jian Lin	senior management
Liu Yong	senior management
Zheng Cheng Fu	senior management

Tieliu Co Headlines

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