Qingdao Tianneng Heavy Industries Co (SZSE:300569) ROCE % : -0.69% (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Qingdao Tianneng Heavy Industries 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. Qingdao Tianneng Heavy Industries Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.69%.

Qingdao Tianneng Heavy Industries Co ROCE % Historical Data

The historical data trend for Qingdao Tianneng Heavy Industries 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.

Qingdao Tianneng Heavy Industries Co ROCE % Chart

Qingdao Tianneng Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

16.61

18.26

13.23

6.69

5.63

Qingdao Tianneng Heavy Industries 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															6.48	3.34	4.37	3.29	-0.69

Qingdao Tianneng Heavy Industries Co ROCE % Calculation

Qingdao Tianneng Heavy Industries 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 )
	=	458.328	/	( ( (11165.355 - 3734.791)	+	(12842.627 - 3985.059) )	/ 2 )
	=	458.328	/	( (7430.564	+	8857.568)	/ 2 )
	=	458.328	/	8144.066
	=	5.63 %

Qingdao Tianneng Heavy Industries 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 )
	=	-58.916	/	( ( (11891.301 - 3290.213)	+	(12139.658 - 3674.351) )	/ 2 )
	=	-58.916	/	( ( 8601.088	+	8465.307 )	/ 2 )
	=	-58.916	/	8533.1975
	=	-0.69 %

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

Qingdao Tianneng Heavy Industries Co (SZSE:300569) 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.

Qingdao Tianneng Heavy Industries Co ROCE % Related Terms

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

Qingdao Tianneng Heavy Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Tianneng Heavy Industries Co Ltd (SZSE:300569) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Longxiang Street, Datunhe Industrial Park, Ligezhuang Town, Shandong Province, Jiaozhou, CHN

Website

http://www.qdtnp.com

Qingdao Tianneng Heavy Industries Co Ltd specializes in the manufacture and sale of megawatt wind turbine towers and related products. Its other business activities include chemical production equipment manufacturing, photovoltaic power generation, biomass energy generation and electric energy sales. In addition, the company is engaged in biomass energy power station construction, operation and maintenance. The products are sold to more than 20 provinces, municipalities and autonomous regions in China and foreign markets such as Italy, the United States, Iran and other countries.

Executives

Zhao Bo	Executives
Yu Fu Hai	Supervisors
Zhang Shi Qi	Director
Hu Peng Peng	Executives
Song De Hai	Directors, executives
Liu Ping	Executives
Fang Rui Zheng	Directors, executives

Qingdao Tianneng Heavy Industries Co Headlines

No Headlines