Beijing Tianyishangjia New Material (SHSE:688033) ROCE % : -7.18% (As of Mar. 2024)

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What is Beijing Tianyishangjia New Material 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. Beijing Tianyishangjia New Material's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.18%.

Beijing Tianyishangjia New Material ROCE % Historical Data

The historical data trend for Beijing Tianyishangjia New Material'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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Beijing Tianyishangjia New Material ROCE % Chart

Beijing Tianyishangjia New Material Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.58

5.61

8.16

5.01

5.08

Beijing Tianyishangjia New Material Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.87	10.44	10.45	-5.83	-7.18

Beijing Tianyishangjia New Material ROCE % Calculation

Beijing Tianyishangjia New Material'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 )
	=	306.033	/	( ( (6865.897 - 962.603)	+	(8726.228 - 2577.12) )	/ 2 )
	=	306.033	/	( (5903.294	+	6149.108)	/ 2 )
	=	306.033	/	6026.201
	=	5.08 %

Beijing Tianyishangjia New Material's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-442.084	/	( ( (8726.228 - 2577.12)	+	(8738.933 - 2576.359) )	/ 2 )
	=	-442.084	/	( ( 6149.108	+	6162.574 )	/ 2 )
	=	-442.084	/	6155.841
	=	-7.18 %

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

Beijing Tianyishangjia New Material (SHSE:688033) 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.

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Beijing Tianyishangjia New Material (SHSE:688033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Beijing Tianyishangjia New Material Corp Ltd (SHSE:688033) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 meters north of South Railway Road, Xixinli Village, Shangzhuang Town, Haidian District, Beijing, CHN, 100094

Website

http://www.bjtysj.com

Beijing Tianyishangjia New Material Corp Ltd Is engaged in the research and development, production and sales of powder metallurgy brakes and locomotives, urban rail brakes and brake shoes for high-speed trains.

Executives

Long Bo	Core technical personnel
Hu Chen	Core technical personnel
Wu Peng	Directors, senior managers
Yang Kai Lin	Directors, senior managers
Cheng Jing Lin	Core technical personnel
Wu Pei Fang	Director, core technical staff
Xia Fei	senior management
Liu Shuai	senior management
Cao Jing Wu	Senior management, core technical personnel
Shi Jia Cai Rang	Directors, senior managers, core technical personn
Hou Yu Bo	senior management

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