Tianjin Ringpu Bio-Technology Co (SZSE:300119) ROCE % : 8.34% (As of Mar. 2024)

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What is Tianjin Ringpu Bio-Technology 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. Tianjin Ringpu Bio-Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.34%.

Tianjin Ringpu Bio-Technology Co ROCE % Historical Data

The historical data trend for Tianjin Ringpu Bio-Technology 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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Tianjin Ringpu Bio-Technology Co ROCE % Chart

Tianjin Ringpu Bio-Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.53

19.43

13.48

9.45

11.76

Tianjin Ringpu Bio-Technology 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															8.64	9.94	9.28	19.10	8.34

Tianjin Ringpu Bio-Technology Co ROCE % Calculation

Tianjin Ringpu Bio-Technology 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 )
	=	591.007	/	( ( (6106.274 - 1309.776)	+	(6595.942 - 1344.905) )	/ 2 )
	=	591.007	/	( (4796.498	+	5251.037)	/ 2 )
	=	591.007	/	5023.7675
	=	11.76 %

Tianjin Ringpu Bio-Technology 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 )
	=	445.696	/	( ( (6595.942 - 1344.905)	+	(6664.48 - 1230.805) )	/ 2 )
	=	445.696	/	( ( 5251.037	+	5433.675 )	/ 2 )
	=	445.696	/	5342.356
	=	8.34 %

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

Tianjin Ringpu Bio-Technology Co (SZSE:300119) 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.

Tianjin Ringpu Bio-Technology Co ROCE % Related Terms

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Tianjin Ringpu Bio-Technology Co (SZSE:300119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tianjin Ringpu Bio-Technology Co Ltd (SZSE:300119) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.6, Liujing Road, Developing Zone, Tianjin, CHN, 300300

Website

http://www.ringpu.com

Tianjin Ringpu Bio-Technology Co Ltd is a China-based company. It is engaged in biotechnology and animal medicine, focusing on the national demand for agricultural sustainable development. The company provides products for Poultry; Swine; Pet; Aquatic; and Cattle and Sheep.

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