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Tianjin Tianbao Infrastructure Co (SZSE:000965) ROCE % : 2.34% (As of Sep. 2024)


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What is Tianjin Tianbao Infrastructure 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 Tianbao Infrastructure Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.34%.


Tianjin Tianbao Infrastructure Co ROCE % Historical Data

The historical data trend for Tianjin Tianbao Infrastructure 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 Tianbao Infrastructure Co ROCE % Chart

Tianjin Tianbao Infrastructure Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.99 5.11 -3.52 5.64 3.86

Tianjin Tianbao Infrastructure 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.91 9.77 2.06 1.50 2.34

Tianjin Tianbao Infrastructure Co ROCE % Calculation

Tianjin Tianbao Infrastructure Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=249.424/( ( (12849.548 - 6612.327) + (12818.217 - 6117.037) )/ 2 )
=249.424/( (6237.221+6701.18)/ 2 )
=249.424/6469.2005
=3.86 %

Tianjin Tianbao Infrastructure 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 )
=212.508/( ( (14765.451 - 5866.917) + (14495.392 - 5240.902) )/ 2 )
=212.508/( ( 8898.534 + 9254.49 )/ 2 )
=212.508/9076.512
=2.34 %

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

* 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.


Tianjin Tianbao Infrastructure Co  (SZSE:000965) 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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Tianjin Tianbao Infrastructure Co Business Description

Traded in Other Exchanges
N/A
Address
No. 35, West Fifth Road, Tianjin Airport Economic Zone, Tianbao Huijin Plaza Building 1, Tianjin, CHN, 300308
Tianjin Tianbao Infrastructure Co Ltd develops and operates real estate. Its main business is real estate development and infrastructure construction. Further, it is also involved in park development, equity investment, and property management. Geographically, the business activities are carried out throughout China.
Executives
Gao Tian Biao Director

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