Shenzhen Tongye Technology Co (SZSE:300960) 10-Year ROIIC % : 4.57% (As of Dec. 2023)

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What is Shenzhen Tongye Technology Co 10-Year ROIIC %?

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Shenzhen Tongye Technology Co's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was 4.57%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Shenzhen Tongye Technology Co's 10-Year ROIIC % or its related term are showing as below:

SZSE:300960's 10-Year ROIIC % is ranked worse than
52.72% of 2756 companies
in the Industrial Products industry
Industry Median: 5.29 vs SZSE:300960: 4.57

Shenzhen Tongye Technology Co 10-Year ROIIC % Historical Data

The historical data trend for Shenzhen Tongye Technology Co's 10-Year ROIIC % 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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Shenzhen Tongye Technology Co 10-Year ROIIC % Chart

Shenzhen Tongye Technology Co Annual Data

Trend

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Dec23

10-Year ROIIC %

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4.57

Shenzhen Tongye Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
10-Year ROIIC %	Get a 7-Day Free Trial															-	-	-	4.57	-

Competitive Comparison of Shenzhen Tongye Technology Co's 10-Year ROIIC %

For the Specialty Industrial Machinery subindustry, Shenzhen Tongye Technology Co's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shenzhen Tongye Technology Co's 10-Year ROIIC % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Tongye Technology Co's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Shenzhen Tongye Technology Co's 10-Year ROIIC % falls into.

Shenzhen Tongye Technology Co 10-Year ROIIC % Calculation

Shenzhen Tongye Technology Co's 10-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

10-Year ROIIC %	=	10-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	10-Year Incremental Invested Capital^**
	=	( 36.7749672 (Dec. 2023) - 20.3143434 (Dec. 2013) )	/	( 461.78 (Dec. 2023) - 101.63 (Dec. 2013) )
	=	16.4606238	/	360.15
	=	4.57%^***

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Shenzhen Tongye Technology Co (SZSE:300960) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.

Shenzhen Tongye Technology Co 10-Year ROIIC % Related Terms

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Shenzhen Tongye Technology Co (SZSE:300960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Tongye Technology Co Ltd (SZSE:300960) » Definitions » 10-Year ROIIC %

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Address

Guanguang Road, Guanlan Street, 1st to 4th Floor, No. 3 Factory, Meitai Industrial, Guihua Community, Longhua New District, Guangdong Province, Shenzhen, CHN, 518110

Website

http://www.sz-tongye.com.cn

Shenzhen Tongye Technology Co Ltd is engaged in the development and production of rail transit train power supply products, network control products, energy management systems, motors and fans. The products are widely used in high-speed rail, urban rail vehicles, locomotives, and new energy products at home and abroad.

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