Tecnon Electronics Co (SZSE:300650) ROCE % : 6.58% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Tecnon Electronics 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. Tecnon Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.58%.

Tecnon Electronics Co ROCE % Historical Data

The historical data trend for Tecnon Electronics 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.

Tecnon Electronics Co ROCE % Chart

Tecnon Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.70

5.61

18.67

6.61

5.52

Tecnon Electronics 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															7.40	5.07	3.37	6.33	6.58

Tecnon Electronics Co ROCE % Calculation

Tecnon Electronics 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 )
	=	78.157	/	( ( (2117.501 - 792.05)	+	(2071.277 - 565.94) )	/ 2 )
	=	78.157	/	( (1325.451	+	1505.337)	/ 2 )
	=	78.157	/	1415.394
	=	5.52 %

Tecnon Electronics 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 )
	=	93.748	/	( ( (2098.967 - 663.457)	+	(2057.651 - 642.891) )	/ 2 )
	=	93.748	/	( ( 1435.51	+	1414.76 )	/ 2 )
	=	93.748	/	1425.135
	=	6.58 %

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

Tecnon Electronics Co (SZSE:300650) 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.

Tecnon Electronics Co ROCE % Related Terms

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

Tecnon Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tecnon Electronics Co Ltd (SZSE:300650) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jiaojiang Road, Wuzhai Park, Taiwanese Investment Zone, Jiaomei Town, Fujian Province, Zhangzhou, CHN, 363107

Website

http://www.tecnon.net

Tecnon Electronics Co Ltd operates in LED lighting fixtures industry. The company is carrying on the business activities of manufacturing and distribution of commercial lighting fixtures. The company serves a diverse range of markets including museums, art galleries, automobile showrooms, supermarkets, and retail shops.

Executives

Huang Guo Rong	Directors, executives
Su Fang	Director
Zhuang Han Peng	Supervisors
Zhuang Zhan Long	Director
Xiang Qian	Director
Lan Xiao Hua	Supervisors

Tecnon Electronics Co Headlines

No Headlines