TJK Intelligent Equipment Manufacturing (Tianjin) Co (SZSE:300823) ROCE % : 5.22% (As of Sep. 2024)

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What is TJK Intelligent Equipment Manufacturing (Tianjin) 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. TJK Intelligent Equipment Manufacturing (Tianjin) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.22%.

TJK Intelligent Equipment Manufacturing (Tianjin) Co ROCE % Historical Data

The historical data trend for TJK Intelligent Equipment Manufacturing (Tianjin) 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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TJK Intelligent Equipment Manufacturing (Tianjin) Co ROCE % Chart

TJK Intelligent Equipment Manufacturing (Tianjin) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.58

14.71

10.97

4.24

7.41

TJK Intelligent Equipment Manufacturing (Tianjin) 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															9.17	10.03	5.18	5.06	5.22

TJK Intelligent Equipment Manufacturing (Tianjin) Co ROCE % Calculation

TJK Intelligent Equipment Manufacturing (Tianjin) 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 )
	=	74.751	/	( ( (1212.519 - 211.357)	+	(1265.631 - 250.323) )	/ 2 )
	=	74.751	/	( (1001.162	+	1015.308)	/ 2 )
	=	74.751	/	1008.235
	=	7.41 %

TJK Intelligent Equipment Manufacturing (Tianjin) 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 )
	=	51.144	/	( ( (1205.606 - 230.467)	+	(1253.356 - 267.472) )	/ 2 )
	=	51.144	/	( ( 975.139	+	985.884 )	/ 2 )
	=	51.144	/	980.5115
	=	5.22 %

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

TJK Intelligent Equipment Manufacturing (Tianjin) Co (SZSE:300823) 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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TJK Intelligent Equipment Manufacturing (Tianjin) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Intelligent Equipment Manufacturing (Tianjin) Co Ltd (SZSE:300823) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408

Website

https://www.tjkmachinery.com

TJK Intelligent Equipment Manufacturing (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

Executives

Chen Zhen Sheng

Director

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