Tianjin 712 Communication & Broadcasting Co (SHSE:603712) ROCE % : 1.21% (As of Mar. 2024)

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What is Tianjin 712 Communication & Broadcasting 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. Tianjin 712 Communication & Broadcasting Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.21%.

Tianjin 712 Communication & Broadcasting Co ROCE % Historical Data

The historical data trend for Tianjin 712 Communication & Broadcasting 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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Tianjin 712 Communication & Broadcasting Co ROCE % Chart

Tianjin 712 Communication & Broadcasting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.61

19.57

20.00

18.30

8.52

Tianjin 712 Communication & Broadcasting 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															1.74	15.53	6.78	10.43	1.21

Tianjin 712 Communication & Broadcasting Co ROCE % Calculation

Tianjin 712 Communication & Broadcasting 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 )
	=	442.462	/	( ( (9823.345 - 4990.853)	+	(9767.698 - 4215.157) )	/ 2 )
	=	442.462	/	( (4832.492	+	5552.541)	/ 2 )
	=	442.462	/	5192.5165
	=	8.52 %

Tianjin 712 Communication & Broadcasting 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 )
	=	67.776	/	( ( (9767.698 - 4215.157)	+	(9506.547 - 3871.305) )	/ 2 )
	=	67.776	/	( ( 5552.541	+	5635.242 )	/ 2 )
	=	67.776	/	5593.8915
	=	1.21 %

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

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) 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.

Tianjin 712 Communication & Broadcasting Co ROCE % Related Terms

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Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianjin 712 Communication & Broadcasting Co Ltd (SHSE:603712) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 141 North Main Street, Tianjin Economic and Technological Development Zone, West District, Tianjin, CHN, 300462

Website

http://www.712.cn

Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese based company operates in communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication system, maritime communication products, digital walkie-talkie and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China.

Executives

Zhang Bao Zhu	senior management
Zhang Feng Xia	Supervisors
Xiao Peng	senior management
Pang Hui	Directors, senior managers
Ma Yan	senior management
Zhang Xin	Supervisors
Wang Bao	Director

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Headlines

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