Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) ROCE % : 4.78% (As of Mar. 2024)

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What is Qinhuangdao Tianqin Equipment Manufacturing 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. Qinhuangdao Tianqin Equipment Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.78%.

Qinhuangdao Tianqin Equipment Manufacturing Co ROCE % Historical Data

The historical data trend for Qinhuangdao Tianqin Equipment Manufacturing 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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Qinhuangdao Tianqin Equipment Manufacturing Co ROCE % Chart

Qinhuangdao Tianqin Equipment Manufacturing Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.64

12.04

9.09

2.51

3.93

Qinhuangdao Tianqin Equipment Manufacturing Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.04	0.26	4.92	8.55	4.78

Qinhuangdao Tianqin Equipment Manufacturing Co ROCE % Calculation

Qinhuangdao Tianqin Equipment Manufacturing 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 )
	=	34.709	/	( ( (927.119 - 55.089)	+	(965.296 - 71.798) )	/ 2 )
	=	34.709	/	( (872.03	+	893.498)	/ 2 )
	=	34.709	/	882.764
	=	3.93 %

Qinhuangdao Tianqin Equipment Manufacturing Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	42.608	/	( ( (965.296 - 71.798)	+	(939.295 - 51.242) )	/ 2 )
	=	42.608	/	( ( 893.498	+	888.053 )	/ 2 )
	=	42.608	/	890.7755
	=	4.78 %

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

Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) 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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Qinhuangdao Tianqin Equipment Manufacturing Co (SZSE:300922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Qinhuangdao Tianqin Equipment Manufacturing Co Ltd (SZSE:300922) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 5 Xueshan Road, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066004

Website

http://www.tianqin.net

Qinhuangdao Tianqin Equipment Manufacturing Co Ltd is engaged in the research and development, production and sales of special protective devices and equipment parts centered on the new processing and application technology of polymer composite materials.

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