Tianli International Holdings (HKSE:01773) ROCE % : 16.65% (As of Feb. 2024)

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What is Tianli International 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. Tianli International Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 16.65%.

Tianli International Holdings ROCE % Historical Data

The historical data trend for Tianli International 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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Tianli International Holdings ROCE % Chart

Tianli International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Aug22

Aug23

ROCE %

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10.78

9.35

0.52

3.17

10.56

Tianli International Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Feb22	Aug22	Feb23	Aug23	Feb24
ROCE %	Get a 7-Day Free Trial											2.10	4.49	11.02	9.88	16.65

Tianli International Holdings ROCE % Calculation

Tianli International Holdings's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	546.837	/	( ( (9381.499 - 4401.18)	+	(10312.972 - 4933.66) )	/ 2 )
	=	546.837	/	( (4980.319	+	5379.312)	/ 2 )
	=	546.837	/	5179.8155
	=	10.56 %

Tianli International Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	908.436	/	( ( (10312.972 - 4933.66)	+	(9686.447 - 4151.663) )	/ 2 )
	=	908.436	/	( ( 5379.312	+	5534.784 )	/ 2 )
	=	908.436	/	5457.048
	=	16.65 %

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

Tianli International Holdings (HKSE:01773) 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.

Tianli International Holdings ROCE % Related Terms

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Tianli International Holdings (HKSE:01773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Tianli International Holdings Ltd (HKSE:01773) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingyang Industrial Zone, Tower T25, Sichuan Province, Chengdu, CHN

Website

https://www.tianlieducation.com

Tianli International Holdings Ltd operates as a private education service provider in Western China. The Company provides clients with integrated education management and diversified services. Its services mainly include comprehensive education services, training services, study trip services, early childhood education services, canteen operations, management and franchise, as well as supply chain management services. The Company also offers extracurricular programs in music, arts, physical education and languages, as well as licensing rights to its brands for early childhood centers. Geographically, it derives revenue from PRC.

Executives

Luo Shi	2201 Interest of corporation controlled by you
First Beijing Investment Limited	2102 Investment manager
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Tu Mengxuan	2202 Interest of your spouse
Sky Elite Limited	2101 Beneficial owner

Tianli International Holdings (HKSE:01773) Headlines

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