Shenzhen Tonge Group Co (SZSE:000090) ROCE % : 3.18% (As of Mar. 2024)

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What is Shenzhen Tonge Group 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. Shenzhen Tonge Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.18%.

Shenzhen Tonge Group Co ROCE % Historical Data

The historical data trend for Shenzhen Tonge Group 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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Shenzhen Tonge Group Co ROCE % Chart

Shenzhen Tonge Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.17

12.88

14.50

13.36

9.24

Shenzhen Tonge Group Co 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															5.66	16.62	3.84	9.85	3.18

Shenzhen Tonge Group Co ROCE % Calculation

Shenzhen Tonge Group 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 )
	=	2317.386	/	( ( (69298.624 - 43092.671)	+	(69476.396 - 45513.755) )	/ 2 )
	=	2317.386	/	( (26205.953	+	23962.641)	/ 2 )
	=	2317.386	/	25084.297
	=	9.24 %

Shenzhen Tonge Group Co'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 )
	=	783.032	/	( ( (69476.396 - 45513.755)	+	(67941.469 - 42624.45) )	/ 2 )
	=	783.032	/	( ( 23962.641	+	25317.019 )	/ 2 )
	=	783.032	/	24639.83
	=	3.18 %

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

Shenzhen Tonge Group Co (SZSE:000090) 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.

Shenzhen Tonge Group Co ROCE % Related Terms

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Shenzhen Tonge Group Co (SZSE:000090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Tonge Group Co Ltd (SZSE:000090) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7058 Hongli West Road, City Administration Building, 7-8F, Futian District, Shenzhen, Guangdong, CHN, 518034

Website

http://www.tonge.com.cn

Shenzhen Tonge Group Co Ltd is an engineering and construction industry. The company is engaged in urban construction, comprehensive development, and urban services.

Executives

Jiang Jian	Executives
Han De Hong	Director
Xiao Jie An	Supervisors
He Yun Wu	Executives
Tong Qing Huo	Director
Zhou Zhi Ming	Supervisors
Lu Wei Hong	Securities Affairs Representative
Li Zi Xiang	Director
Fu Xiong Yi	Executives
Wang Cheng Mei	Supervisors
Jiang Yong Gui	Directors, executives
Wei Zhi	Executives
Yan Ji Pei	Executives, supervisors
Xu Zhao Song	Executives

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