Ting Sin Co (TPE:2358) ROCE % : -39.63% (As of Sep. 2023)

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What is Ting Sin 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. Ting Sin Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -39.63%.

Ting Sin Co ROCE % Historical Data

The historical data trend for Ting Sin 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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Ting Sin Co ROCE % Chart

Ting Sin Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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5.25

2.16

2.70

9.42

1.85

Ting Sin Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-3.07	-3.18	-11.59	-16.32	-39.63

Ting Sin Co ROCE % Calculation

Ting Sin Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	52.5	/	( ( (3999.464 - 1414.9)	+	(3967.432 - 884.396) )	/ 2 )
	=	52.5	/	( (2584.564	+	3083.036)	/ 2 )
	=	52.5	/	2833.8
	=	1.85 %

Ting Sin Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1131.172	/	( ( (3820.21 - 874.086)	+	(3654.42 - 891.202) )	/ 2 )
	=	-1131.172	/	( ( 2946.124	+	2763.218 )	/ 2 )
	=	-1131.172	/	2854.671
	=	-39.63 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Ting Sin Co (TPE:2358) 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.

Ting Sin Co ROCE % Related Terms

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Ting Sin Co (TPE:2358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ting Sin Co Ltd (TPE:2358) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 386, Zhengzheng Road, 7, 14th Floor, Xitun District, Taichung, TWN, 407

Website

http://www.tingsin.com.tw

Ting Sin Co Ltd is engaged as a supplier of aluminum alloy billet. The billets are applied in screws and bolts, plastic casing, furniture, construction materials, and military parts. The product line of the company include aluminum alloy billet, direct sales of raw materials, leather goods, and others. The company earns the majority of its revenue from aluminum alloy billet.

Ting Sin Co (TPE:2358) Headlines

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