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.

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Tianjin Tianbao Infrastructure Co ROCE % Chart

Tianjin Tianbao Infrastructure Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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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															-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.

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tianjin Tianbao Infrastructure Co Ltd (SZSE:000965) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 35, West Fifth Road, Tianjin Airport Economic Zone, Tianbao Huijin Plaza Building 1, Tianjin, CHN, 300308

Website

http://www.tbjijian.com

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

Tianjin Tianbao Infrastructure Co Headlines

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