Changshu Tianyin Electromechanical Co (SZSE:300342) ROCE % : 6.74% (As of Sep. 2024)

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What is Changshu Tianyin Electromechanical 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. Changshu Tianyin Electromechanical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.74%.

Changshu Tianyin Electromechanical Co ROCE % Historical Data

The historical data trend for Changshu Tianyin Electromechanical 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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Changshu Tianyin Electromechanical Co ROCE % Chart

Changshu Tianyin Electromechanical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.44

10.06

7.75

1.14

2.83

Changshu Tianyin Electromechanical 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															2.69	-2.49	0.88	8.79	6.74

Changshu Tianyin Electromechanical Co ROCE % Calculation

Changshu Tianyin Electromechanical 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 )
	=	43.465	/	( ( (2160.696 - 640.492)	+	(2162.547 - 612.766) )	/ 2 )
	=	43.465	/	( (1520.204	+	1549.781)	/ 2 )
	=	43.465	/	1534.9925
	=	2.83 %

Changshu Tianyin Electromechanical 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 )
	=	105.804	/	( ( (2204.231 - 645.278)	+	(2207.191 - 627.981) )	/ 2 )
	=	105.804	/	( ( 1558.953	+	1579.21 )	/ 2 )
	=	105.804	/	1569.0815
	=	6.74 %

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

Changshu Tianyin Electromechanical Co (SZSE:300342) 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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Changshu Tianyin Electromechanical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changshu Tianyin Electromechanical Co Ltd (SZSE:300342) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8, Yingbin Road, Bixi New District, Changshu, Jiangsu, Suzhou, CHN, 215513

Website

http://www.tyjd.cc

Changshu Tianyin Electromechanical Co Ltd is engaged in research, development, and production of refrigerator compressors supporting parts of the Company.

Executives

Zhao Yun Wen	Directors, executives
Hua Juan	Supervisors
Zhang Xin	Director
Xu Ting	Director
Qian Yue	Independent director

Changshu Tianyin Electromechanical Co Headlines

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