Tongyu Communication (SZSE:002792) ROCE % : 0.82% (As of Mar. 2024)

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What is Tongyu Communication 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. Tongyu Communication's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.82%.

Tongyu Communication ROCE % Historical Data

The historical data trend for Tongyu Communication'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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Tongyu Communication ROCE % Chart

Tongyu Communication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.15

4.24

1.80

2.89

3.28

Tongyu Communication 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															5.68	0.94	-7.46	13.95	0.82

Tongyu Communication ROCE % Calculation

Tongyu Communication'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 )
	=	92.774	/	( ( (3572.469 - 749.031)	+	(3714.906 - 877.412) )	/ 2 )
	=	92.774	/	( (2823.438	+	2837.494)	/ 2 )
	=	92.774	/	2830.466
	=	3.28 %

Tongyu Communication'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 )
	=	23.252	/	( ( (3714.906 - 877.412)	+	(3610.323 - 767.096) )	/ 2 )
	=	23.252	/	( ( 2837.494	+	2843.227 )	/ 2 )
	=	23.252	/	2840.3605
	=	0.82 %

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

Tongyu Communication (SZSE:002792) 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.

Tongyu Communication ROCE % Related Terms

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Tongyu Communication (SZSE:002792) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tongyu Communication Inc (SZSE:002792) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.3 Jintong Street ,State-Level, Torch Hi-Tech Industrial Development Zone, Guandong, Zhongshan City, CHN, 528437

Website

http://www.tycc.cn

Tongyu Communication Inc develops, manufactures and sells communication antennas and RF devices, optical module and other products used in mobile communication systems. The company produces base station antennas, RF components, microwave antennas, indoor antennas.

Executives

Wu Zhong Lin	Director
Chen Hong Sheng	Directors, executives
Fang Feng Ming	Executives
Liu Mu Lin	Directors, executives
Gao Zhuo Feng	Supervisors
Sun Jun Quan	Supervisors
Huang Si Ding	Executives

Tongyu Communication (SZSE:002792) Headlines

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