Zhejiang Tailin Bioengineering Co (SZSE:300813) ROCE % : 4.53% (As of Sep. 2024)

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What is Zhejiang Tailin Bioengineering 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. Zhejiang Tailin Bioengineering Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.53%.

Zhejiang Tailin Bioengineering Co ROCE % Historical Data

The historical data trend for Zhejiang Tailin Bioengineering 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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Zhejiang Tailin Bioengineering Co ROCE % Chart

Zhejiang Tailin Bioengineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.21

15.35

14.73

12.48

2.81

Zhejiang Tailin Bioengineering 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															-0.83	-0.34	3.31	3.99	4.53

Zhejiang Tailin Bioengineering Co ROCE % Calculation

Zhejiang Tailin Bioengineering 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 )
	=	22.561	/	( ( (922.66 - 129.326)	+	(973.508 - 161.809) )	/ 2 )
	=	22.561	/	( (793.334	+	811.699)	/ 2 )
	=	22.561	/	802.5165
	=	2.81 %

Zhejiang Tailin Bioengineering 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 )
	=	37.008	/	( ( (949.645 - 135.565)	+	(962.089 - 141.272) )	/ 2 )
	=	37.008	/	( ( 814.08	+	820.817 )	/ 2 )
	=	37.008	/	817.4485
	=	4.53 %

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

Zhejiang Tailin Bioengineering Co (SZSE:300813) 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.

Zhejiang Tailin Bioengineering Co ROCE % Related Terms

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Zhejiang Tailin Bioengineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zhejiang Tailin Bioengineering Co Ltd (SZSE:300813) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2930, Nanhuan Road, Binjiang District, Hangzhou, CHN, 310052

Website

http://www.tailingood.com

Zhejiang Tailin Bioengineering Co Ltd is engaged in designing, manufacturing, and selling the Microbial test and control equipments in China.

Executives

Xia Xin Qun	Directors, executives
Ye Xing Yue	Secretary Dong
Shen Zhi Lin	Directors, executives
Ye Da Lin	Directors, executives
Ni Wei Ju	Director

Zhejiang Tailin Bioengineering Co Headlines

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