Sanhe Tongfei Refrigeration Co (SZSE:300990) ROCE % : 11.38% (As of Sep. 2024)

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What is Sanhe Tongfei Refrigeration 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. Sanhe Tongfei Refrigeration Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.38%.

Sanhe Tongfei Refrigeration Co ROCE % Historical Data

The historical data trend for Sanhe Tongfei Refrigeration 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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Sanhe Tongfei Refrigeration Co ROCE % Chart

Sanhe Tongfei Refrigeration Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.78

35.18

13.33

8.41

11.87

Sanhe Tongfei Refrigeration 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															19.65	10.65	1.35	4.29	11.38

Sanhe Tongfei Refrigeration Co ROCE % Calculation

Sanhe Tongfei Refrigeration 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 )
	=	205.322	/	( ( (1859.04 - 201.929)	+	(2175.087 - 371.947) )	/ 2 )
	=	205.322	/	( (1657.111	+	1803.14)	/ 2 )
	=	205.322	/	1730.1255
	=	11.87 %

Sanhe Tongfei Refrigeration 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 )
	=	204.016	/	( ( (2140.226 - 377.86)	+	(2219.437 - 397.651) )	/ 2 )
	=	204.016	/	( ( 1762.366	+	1821.786 )	/ 2 )
	=	204.016	/	1792.076
	=	11.38 %

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

Sanhe Tongfei Refrigeration Co (SZSE:300990) 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.

Sanhe Tongfei Refrigeration Co ROCE % Related Terms

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Sanhe Tongfei Refrigeration Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sanhe Tongfei Refrigeration Co Ltd (SZSE:300990) » Definitions » ROCE %

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Address

No. 3 Jinzhan Road, Railway Station, Hebei Province, Sanhe, CHN, 065200

Website

https://www.tfzl.com

Sanhe Tongfei Refrigeration Co Ltd is a high-tech enterprise integrating R&D, manufacturing, marketing and services. The company has refrigeration performance testing center. The company deals in various products such as series oil chiller, series water chiller, hydraulic oil heat exchanger, industrial heat exchangers, pure water cooling unit and others. The products have been widely used to various industries, such as machine tool, electronics, military, aerospace, automobile, shipping, rail haulage, communication, and industrial cleaning.

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