Tibet Cheezheng Tibetan Medicine Co (SZSE:002287) ROCE % : 7.13% (As of Sep. 2024)

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What is Tibet Cheezheng Tibetan Medicine 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. Tibet Cheezheng Tibetan Medicine Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.13%.

Tibet Cheezheng Tibetan Medicine Co ROCE % Historical Data

The historical data trend for Tibet Cheezheng Tibetan Medicine 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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Tibet Cheezheng Tibetan Medicine Co ROCE % Chart

Tibet Cheezheng Tibetan Medicine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.15

15.39

21.11

13.10

14.77

Tibet Cheezheng Tibetan Medicine 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															8.09	20.04	10.12	20.77	7.13

Tibet Cheezheng Tibetan Medicine Co ROCE % Calculation

Tibet Cheezheng Tibetan Medicine 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 )
	=	707.483	/	( ( (5888.095 - 1360.129)	+	(6298.479 - 1245.217) )	/ 2 )
	=	707.483	/	( (4527.966	+	5053.262)	/ 2 )
	=	707.483	/	4790.614
	=	14.77 %

Tibet Cheezheng Tibetan Medicine 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 )
	=	365.332	/	( ( (6744.178 - 1655.49)	+	(6529.758 - 1364.522) )	/ 2 )
	=	365.332	/	( ( 5088.688	+	5165.236 )	/ 2 )
	=	365.332	/	5126.962
	=	7.13 %

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

Tibet Cheezheng Tibetan Medicine Co (SZSE:002287) 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.

Tibet Cheezheng Tibetan Medicine Co ROCE % Related Terms

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Tibet Cheezheng Tibetan Medicine Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Tibet Cheezheng Tibetan Medicine Co Ltd (SZSE:002287) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2, Deji Road, Bayi District, Linzhi, CHN, 860000

Website

http://www.cheezheng.com.cn

Tibet Cheezheng Tibetan Medicine Co Ltd is Tibetan medicine manufacturer. It is mainly engaged in the research, development, production, and sales of Tibetan medicines. The company's products include medicines such as emplastrum, ointments, granules, pills, and powders.

Executives

Yao Xiao Mei	Executives
Li Jun	Executives
Lei Ju Fang	Director
Bao Zheng	Director

Tibet Cheezheng Tibetan Medicine Co Headlines

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