Tianjin Meiteng Technology Co (SHSE:688420) ROCE % : 0.11% (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Tianjin Meiteng 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. Tianjin Meiteng Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.11%.

Tianjin Meiteng Technology Co ROCE % Historical Data

The historical data trend for Tianjin Meiteng 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.

* Premium members only.

Tianjin Meiteng Technology Co ROCE % Chart

Tianjin Meiteng Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

127.55

61.34

33.19

15.28

5.26

Tianjin Meiteng Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										0.83	12.37	1.77	6.47	0.11

Tianjin Meiteng Technology Co ROCE % Calculation

Tianjin Meiteng 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 )
	=	78.106	/	( ( (1794.557 - 335.669)	+	(1822.155 - 313.175) )	/ 2 )
	=	78.106	/	( (1458.888	+	1508.98)	/ 2 )
	=	78.106	/	1483.934
	=	5.26 %

Tianjin Meiteng 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 )
	=	1.616	/	( ( (1771.849 - 296.804)	+	(1834.103 - 357.318) )	/ 2 )
	=	1.616	/	( ( 1475.045	+	1476.785 )	/ 2 )
	=	1.616	/	1475.915
	=	0.11 %

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

Tianjin Meiteng Technology Co (SHSE:688420) 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.

Tianjin Meiteng Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Tianjin Meiteng Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianjin Meiteng Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tianjin Meiteng Technology Co Ltd (SHSE:688420) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

South of Zhongbin Avenue, Room 137, 1st Floor, Building 8, Ecological Construction Apartment, Sino-Singapore Ecological City, Binhai New Area, Tianjin, CHN, 300467

Website

http://www.tjmeiteng.com

Tianjin Meiteng Technology Co Ltd is engaged in providing industrial and mining intelligent equipment and systems.

Tianjin Meiteng Technology Co Headlines

No Headlines