Tatwah Smartech Co (SZSE:002512) ROCE % : -0.43% (As of Mar. 2024)

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What is Tatwah Smartech 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. Tatwah Smartech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.43%.

Tatwah Smartech Co ROCE % Historical Data

The historical data trend for Tatwah Smartech 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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Tatwah Smartech Co ROCE % Chart

Tatwah Smartech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.45

9.03

-23.68

-12.93

-13.68

Tatwah Smartech 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															2.61	-	0.19	-58.35	-0.43

Tatwah Smartech Co ROCE % Calculation

Tatwah Smartech 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 )
	=	-313.137	/	( ( (4861.614 - 2382.646)	+	(4418.707 - 2321.107) )	/ 2 )
	=	-313.137	/	( (2478.968	+	2097.6)	/ 2 )
	=	-313.137	/	2288.284
	=	-13.68 %

Tatwah Smartech 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 )
	=	-9.528	/	( ( (4418.707 - 2321.107)	+	(4379.369 - 2034.368) )	/ 2 )
	=	-9.528	/	( ( 2097.6	+	2345.001 )	/ 2 )
	=	-9.528	/	2221.3005
	=	-0.43 %

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

Tatwah Smartech Co (SZSE:002512) 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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Tatwah Smartech Co (SZSE:002512) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tatwah Smartech Co Ltd (SZSE:002512) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9, Shuiyi South Road, Taifeng Industrial park, Xiaolan Town, Zhongshan City, Guangdong Province, CHN

Website

http://www.twh.com.cn

Tatwah Smartech Co Ltd operates in the semiconductor industry. The company is mainly engaged in the design, development, production, distribution of radio-frequency identification (RFID) system. Its product portfolio comprises RFID cards, clamshell and combi cards, leather key fobs, phone attachments, RFID wristband, NFC and metal mount tags, public transport products, laundry and waste bin and other tags. Its products are primarily used in transportation, education, home, agricultural tracing, internet finance, manufacturing, asset management, warehouse, and logistics applications.

Executives

Han Yang	Secretary, Director
Cai Xiao Ru	Director
Chen Rong Sheng	Directors, executives
Lou Ya Hua	Executives
Wang Ying Zi	Executives
He Cai Xia	Supervisors
Wang Dan Zhou	Independent director
Yuan Pei Chu	Independent director
Huang Han Qiang	Executives
Li Huan Fen	Supervisors

Tatwah Smartech Co (SZSE:002512) Headlines

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