Taier Heavy Industry Co (SZSE:002347) ROCE % : 1.85% (As of Mar. 2024)

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What is Taier Heavy Industry 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. Taier Heavy Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.85%.

Taier Heavy Industry Co ROCE % Historical Data

The historical data trend for Taier Heavy Industry 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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Taier Heavy Industry Co ROCE % Chart

Taier Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.63

3.57

2.86

-2.08

-2.06

Taier Heavy Industry 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															1.39	2.19	-1.57	-10.35	1.85

Taier Heavy Industry Co ROCE % Calculation

Taier Heavy Industry 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 )
	=	-26.879	/	( ( (2544.483 - 1199.123)	+	(2478.062 - 1213.218) )	/ 2 )
	=	-26.879	/	( (1345.36	+	1264.844)	/ 2 )
	=	-26.879	/	1305.102
	=	-2.06 %

Taier Heavy Industry 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 )
	=	23.36	/	( ( (2478.062 - 1213.218)	+	(2449.702 - 1183.601) )	/ 2 )
	=	23.36	/	( ( 1264.844	+	1266.101 )	/ 2 )
	=	23.36	/	1265.4725
	=	1.85 %

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

Taier Heavy Industry Co (SZSE:002347) 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.

Taier Heavy Industry Co ROCE % Related Terms

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Taier Heavy Industry Co (SZSE:002347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Taier Heavy Industry Co Ltd (SZSE:002347) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 669 Chaoshan Road, Economic and Technological Development Zone, Anhui Provice, Ma'anshan, CHN, 243000

Website

http://english.taiergroup.com

Taier Heavy Industry Co Ltd is engaged in the development & manufacture of power transmission machinery products. The company has dedicated itself to design, production, sales and service of industrial universal shafts, gear couplings and shearing blades.

Executives

Tai Zheng Biao	Directors, Directors, and Executives
Feng Chun Lan	Supervisors
Xia Qing Hua	Executives
Jia Zong Yan	Supervisors
Huang Chun Yan	Director
Wang Qing	Supervisors
Wang Gui Lin	Executives
Yu Shu Lan	Supervisors
Ge Yan Fei	Director
Sun Man Man	Directors, executives

Taier Heavy Industry Co (SZSE:002347) Headlines

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