Shijiazhuang Tonhe Electronics Technologies Co (SZSE:300491) ROCE % : 0.70% (As of Sep. 2024)

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What is Shijiazhuang Tonhe Electronics Technologies 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. Shijiazhuang Tonhe Electronics Technologies Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.70%.

Shijiazhuang Tonhe Electronics Technologies Co ROCE % Historical Data

The historical data trend for Shijiazhuang Tonhe Electronics Technologies 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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Shijiazhuang Tonhe Electronics Technologies Co ROCE % Chart

Shijiazhuang Tonhe Electronics Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.55

7.11

4.03

4.55

10.31

Shijiazhuang Tonhe Electronics Technologies 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															12.04	15.14	3.05	4.57	0.70

Shijiazhuang Tonhe Electronics Technologies Co ROCE % Calculation

Shijiazhuang Tonhe Electronics Technologies 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 )
	=	112.347	/	( ( (1556.704 - 529.471)	+	(1982.534 - 829.833) )	/ 2 )
	=	112.347	/	( (1027.233	+	1152.701)	/ 2 )
	=	112.347	/	1089.967
	=	10.31 %

Shijiazhuang Tonhe Electronics Technologies 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 )
	=	8.448	/	( ( (2028.684 - 830.227)	+	(1991.395 - 791.91) )	/ 2 )
	=	8.448	/	( ( 1198.457	+	1199.485 )	/ 2 )
	=	8.448	/	1198.971
	=	0.70 %

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

Shijiazhuang Tonhe Electronics Technologies Co (SZSE:300491) 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.

Shijiazhuang Tonhe Electronics Technologies Co ROCE % Related Terms

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Shijiazhuang Tonhe Electronics Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shijiazhuang Tonhe Electronics Technologies Co Ltd (SZSE:300491) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 350, Minjiang Road, High-tech Zone, Hebei Province, Shijiazhuang, CHN, 050035

Website

http://www.sjzthdz.com

Shijiazhuang Tonhe Electronics Technologies Co Ltd is a technology enterprise. Its engaged in power electronics and combines research & development. It manufactures, sells service of switching power supply and related products. Its products include charging and power station charging power system (charge Electric pile), electric car vehicle products, Power supply system solution and Other power supply products.

Executives

Feng Zhi Yong	Directors, Directors, and Executives
Dong Shun Zhong	Directors, executives
Chen Yu Peng	Executives
Zhu Jia Lin	Directors, Directors, and Executives
Wang Yu	Executives

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