Suzhou Tztek Technology Co (SHSE:688003) ROCE % : 1.80% (As of Sep. 2024)

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What is Suzhou Tztek 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. Suzhou Tztek Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.80%.

Suzhou Tztek Technology Co ROCE % Historical Data

The historical data trend for Suzhou Tztek 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.

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Suzhou Tztek Technology Co ROCE % Chart

Suzhou Tztek Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.67

6.85

8.07

8.48

11.62

Suzhou Tztek 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															8.67	37.34	-8.73	1.39	1.80

Suzhou Tztek Technology Co ROCE % Calculation

Suzhou Tztek 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 )
	=	239.028	/	( ( (2928.106 - 995.919)	+	(3228.206 - 1046.765) )	/ 2 )
	=	239.028	/	( (1932.187	+	2181.441)	/ 2 )
	=	239.028	/	2056.814
	=	11.62 %

Suzhou Tztek 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 )
	=	40.248	/	( ( (3394.614 - 1229.561)	+	(3487.226 - 1168.622) )	/ 2 )
	=	40.248	/	( ( 2165.053	+	2318.604 )	/ 2 )
	=	40.248	/	2241.8285
	=	1.80 %

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

Suzhou Tztek Technology Co (SHSE:688003) 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.

Suzhou Tztek Technology Co ROCE % Related Terms

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Suzhou Tztek Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Tztek Technology Co Ltd (SHSE:688003) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Peiyuan Road, High-tech Zone, Jiangsu Province, Suzhou, CHN, 215163

Website

http://www.tztek.com

Suzhou Tztek Technology Co Ltd designs machine vision instruments for precision manufacturing industries. Its main products are industrial visual equipment including precision measuring instruments, intelligent testing equipment, intelligent manufacturing equipment, unnamed logistics vehicles and others.

Executives

Cao Kui Kang	Core technical personnel
Yang Guang	Core technical personnel
Liu Jun Chuan	Core technical personnel
Xu Yi Hua	Director
Yang Cong	Directors, senior managers

Suzhou Tztek Technology Co Headlines

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