Tianjin Printronics Circuit (SZSE:002134) ROCE % : 6.80% (As of Mar. 2024)

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What is Tianjin Printronics Circuit 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 Printronics Circuit's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.80%.

Tianjin Printronics Circuit ROCE % Historical Data

The historical data trend for Tianjin Printronics Circuit'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 Printronics Circuit ROCE % Chart

Tianjin Printronics Circuit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.33

1.83

6.47

3.63

4.09

Tianjin Printronics Circuit 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															6.38	6.77	5.41	2.93	6.80

Tianjin Printronics Circuit ROCE % Calculation

Tianjin Printronics Circuit'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 )
	=	28.485	/	( ( (760.158 - 294.427)	+	(1502.564 - 574.613) )	/ 2 )
	=	28.485	/	( (465.731	+	927.951)	/ 2 )
	=	28.485	/	696.841
	=	4.09 %

Tianjin Printronics Circuit'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 )
	=	64.656	/	( ( (1502.564 - 574.613)	+	(1550.856 - 578.221) )	/ 2 )
	=	64.656	/	( ( 927.951	+	972.635 )	/ 2 )
	=	64.656	/	950.293
	=	6.80 %

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

Tianjin Printronics Circuit (SZSE:002134) 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 Printronics Circuit (SZSE:002134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tianjin Printronics Circuit Corp (SZSE:002134) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 53 Hanghai Road, Tianjin Port Logistics Center, Tianjin Airport Free Trade Zone, Tianjin, CHN, 300308

Website

http://www.toppcb.com

Tianjin Printronics Circuit Corp is engaged in the manufacturing traditional rigid printed circuit boards and HDI printed circuit boards for mobile phones and developing communication back plate. The products are applied in different fields which include industrial automation control, telecommunication, aviation and aerospace, and instrument and meters, and consumer electronics. The products of the company include rigid flex board, step board, black solder mask multi-layer board, and, normal board.

Executives

Lin Xiao Hua

Secretary Dong

Tianjin Printronics Circuit (SZSE:002134) Headlines

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