Ten Ren Tea Co (TPE:1233) ROCE % : 9.92% (As of Mar. 2024)

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What is Ten Ren Tea 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. Ten Ren Tea Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.92%.

Ten Ren Tea Co ROCE % Historical Data

The historical data trend for Ten Ren Tea 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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Ten Ren Tea Co ROCE % Chart

Ten Ren Tea Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.96

4.05

3.31

3.64

7.02

Ten Ren Tea 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															9.37	8.99	5.97	4.60	9.92

Ten Ren Tea Co ROCE % Calculation

Ten Ren Tea 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 )
	=	125.894	/	( ( (2353.96 - 555.422)	+	(2373.995 - 586.906) )	/ 2 )
	=	125.894	/	( (1798.538	+	1787.089)	/ 2 )
	=	125.894	/	1792.8135
	=	7.02 %

Ten Ren Tea 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 )
	=	172.184	/	( ( (2373.995 - 586.906)	+	(2316.922 - 631.78) )	/ 2 )
	=	172.184	/	( ( 1787.089	+	1685.142 )	/ 2 )
	=	172.184	/	1736.1155
	=	9.92 %

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

Ten Ren Tea Co (TPE:1233) 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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Ten Ren Tea Co (TPE:1233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ten Ren Tea Co Ltd (TPE:1233) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chung Hsiao East Road, 6 floor, Number 107,Sec 4, Taipei, TWN

Website

https://www.tenren.com.tw

Ten Ren Tea Co Ltd engaged in the manufacture and sale of tea, tea sets and beverages. The company markets spiced tea, herbal tea, tea bags, tea snacks, as well as teapots and cups. Ten Ren Tea sells its products across many countries.

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