Tangel Publishing Co (SZSE:300148) ROCE % : 0.29% (As of Sep. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Tangel Publishing 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. Tangel Publishing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.29%.

Tangel Publishing Co ROCE % Historical Data

The historical data trend for Tangel Publishing 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.

* Premium members only.

Tangel Publishing Co ROCE % Chart

Tangel Publishing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

1.56

-31.39

-32.61

-19.04

-3.19

Tangel Publishing 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															-4.99	-11.05	-0.80	9.04	0.29

Tangel Publishing Co ROCE % Calculation

Tangel Publishing 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 )
	=	-40.758	/	( ( (1597.349 - 282.426)	+	(1474.016 - 234.379) )	/ 2 )
	=	-40.758	/	( (1314.923	+	1239.637)	/ 2 )
	=	-40.758	/	1277.28
	=	-3.19 %

Tangel Publishing 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 )
	=	3.54	/	( ( (1399.877 - 171.186)	+	(1353.229 - 117.066) )	/ 2 )
	=	3.54	/	( ( 1228.691	+	1236.163 )	/ 2 )
	=	3.54	/	1232.427
	=	0.29 %

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

Tangel Publishing Co (SZSE:300148) 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.

Tangel Publishing Co ROCE % Related Terms

Thank you for viewing the detailed overview of Tangel Publishing Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tangel Publishing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tangel Publishing Co Ltd (SZSE:300148) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hunan Furong Mayor Shashi 194 East Second Ring Road, Sec Century Plaza, 4th Floor, Tianyu Business Building, Changsha, CHN

Website

http://www.t-angel.com

Tangel Publishing Co Ltd plans, designs, produces, and issues youth books.

Executives

Yuan Xiong Gui	Director
Chen Si Qing	Executives
Zhang Kui	Executives
Luo Zheng Yu	Directors, executives
Li Jian	Supervisors
Zhang Jian Wu	Executives
Chen Jing De	Executives
Zhao Wei Li	Supervisors
Yu Yu Han	Directors, executives
Xiao Zhi Hong	Director
Li Ju Long	Director
Dai Bo	Supervisors

Tangel Publishing Co Headlines

No Headlines