TCLHF (TCL Electronics Holdings) ROCE % : 14.81% (As of Jun. 2024)

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What is TCL Electronics Holdings 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. TCL Electronics Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.81%.

TCL Electronics Holdings ROCE % Historical Data

The historical data trend for TCL Electronics Holdings'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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TCL Electronics Holdings ROCE % Chart

TCL Electronics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.23

15.25

9.71

7.89

10.74

TCL Electronics Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															7.74	7.93	9.27	12.70	14.81

TCL Electronics Holdings ROCE % Calculation

TCL Electronics Holdings'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 )
	=	260.401	/	( ( (7078.498 - 4693.109)	+	(8294.252 - 5830.571) )	/ 2 )
	=	260.401	/	( (2385.389	+	2463.681)	/ 2 )
	=	260.401	/	2424.535
	=	10.74 %

TCL Electronics Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	359.322	/	( ( (8294.252 - 5830.571)	+	(9125.343 - 6736.604) )	/ 2 )
	=	359.322	/	( ( 2463.681	+	2388.739 )	/ 2 )
	=	359.322	/	2426.21
	=	14.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

TCL Electronics Holdings (OTCPK:TCLHF) 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.

TCL Electronics Holdings ROCE % Related Terms

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TCL Electronics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TCL Electronics Holdings Ltd (OTCPK:TCLHF) » Definitions » ROCE %

Traded in Other Exchanges

01070:Hong Kong TC2A:Germany

Address

22 Science Park East Avenue, 5th Floor, Building 22E, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

http://electronics.tcl.com

TCL Electronics Holdings Ltd designs, manufactures, and sells televisions globally. By brand, it is the third-largest supplier of televisions globally, but is second-largest in total television volume including televisions produced under original design and manufacture contracts for other brands. The five reportable operating segments are the Smart screen segment, Internet business segment, Smart mobile, All-category marketing segment and Smart commercial display, smart home, photovoltaic and other businesses segment.