TPV Technology Co (SZSE:000727) ROCE % : 7.86% (As of Mar. 2024)

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What is TPV 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. TPV Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.86%.

TPV Technology Co ROCE % Historical Data

The historical data trend for TPV 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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TPV Technology Co ROCE % Chart

TPV Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-30.97

9.30

14.82

7.80

10.77

TPV Technology 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															4.12	7.61	13.62	16.30	7.86

TPV Technology Co ROCE % Calculation

TPV 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 )
	=	1371.068	/	( ( (35195.138 - 22592.931)	+	(33727.686 - 20874.635) )	/ 2 )
	=	1371.068	/	( (12602.207	+	12853.051)	/ 2 )
	=	1371.068	/	12727.629
	=	10.77 %

TPV Technology 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 )
	=	928.292	/	( ( (33727.686 - 20874.635)	+	(35050.913 - 24295.833) )	/ 2 )
	=	928.292	/	( ( 12853.051	+	10755.08 )	/ 2 )
	=	928.292	/	11804.0655
	=	7.86 %

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

TPV Technology Co (SZSE:000727) 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.

TPV Technology Co ROCE % Related Terms

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TPV Technology Co (SZSE:000727) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TPV Technology Co Ltd (SZSE:000727) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 7, Tianyou Road, Qixia District, Jiangsu Province, Nanjing, CHN, 210033

Website

http://www.tpv-tech.com

TPV Technology Co Ltd is engaged in electronics manufacturing-related industries. It is mainly engaged in flat panel display, touch display, quartz crystal, magnetic materials and power supply, vacuum electronics industries. Its products include TFT-LCD, touch screen, LCD, and display modules; crystal oscillators, resonators, filters, and other components; magnetic powder, magnetic core, power supply, microwave, and other components. The company has several production bases in Jiangsu Nanjing, Guangdong Shenzhen, Hebei Langfang, and the marketing and service system cover the global mainstream market.

Executives

Si Yun Cong	Director
Zhang Yin Qian	Supervisors
Xu Qing	Supervisors
He Guan He	Executives
Zhao Jing Cheng	Director
Yang Guo Zhu	Director
Chen Zong Mei	Executives
Zhang Yin Tao	Director

TPV Technology Co (SZSE:000727) Headlines

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