Tongkun Group Co (SHSE:601233) ROCE % : 7.20% (As of Mar. 2024)

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What is Tongkun Group 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. Tongkun Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.20%.

Tongkun Group Co ROCE % Historical Data

The historical data trend for Tongkun Group 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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Tongkun Group Co ROCE % Chart

Tongkun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.97

13.45

23.52

0.87

3.40

Tongkun Group 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															-2.18	6.26	8.58	0.11	7.20

Tongkun Group Co ROCE % Calculation

Tongkun Group 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 )
	=	1815.558	/	( ( (90439.419 - 39080.549)	+	(102446.113 - 46956.603) )	/ 2 )
	=	1815.558	/	( (51358.87	+	55489.51)	/ 2 )
	=	1815.558	/	53424.19
	=	3.40 %

Tongkun Group 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 )
	=	4114.908	/	( ( (102446.113 - 46956.603)	+	(112132.018 - 53269.438) )	/ 2 )
	=	4114.908	/	( ( 55489.51	+	58862.58 )	/ 2 )
	=	4114.908	/	57176.045
	=	7.20 %

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

Tongkun Group Co (SHSE:601233) 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.

Tongkun Group Co ROCE % Related Terms

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Tongkun Group Co (SHSE:601233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tongkun Group Co Ltd (SHSE:601233) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 199 Guangming Road, Tongxiang Economic Development Zone, Tongxiang, Zhejiang, CHN, 314500

Website

http://www.zjtkgf.com/

Tongkun Group Co Ltd is a China-based company engaged in polyester and polyester filament yarn manufacturing. It offers various polyester filament yarns such as a pre-oriented filament, draw textured yarns, polyester chips, and others under the GOLDENCOCK and Tong Kun brand names. Geographically the business activities are carried out through China.

Executives

Shen Pei Xing	Director
Chen Shi Nan	Director
Zhou Jun	Directors, senior managers
Xu Jin Xiang	Directors, senior managers
Chen Jian Rong	Director

Tongkun Group Co (SHSE:601233) Headlines

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