Tianjin Keyvia Electric Co (SZSE:300407) ROCE % : 6.14% (As of Mar. 2024)

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What is Tianjin Keyvia Electric 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 Keyvia Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.14%.

Tianjin Keyvia Electric Co ROCE % Historical Data

The historical data trend for Tianjin Keyvia Electric 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 Keyvia Electric Co ROCE % Chart

Tianjin Keyvia Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.12

6.50

5.30

7.02

6.82

Tianjin Keyvia Electric 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															4.38	6.16	8.41	8.08	6.14

Tianjin Keyvia Electric Co ROCE % Calculation

Tianjin Keyvia Electric 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 )
	=	124.2	/	( ( (2902.573 - 1215.848)	+	(3099.733 - 1145.715) )	/ 2 )
	=	124.2	/	( (1686.725	+	1954.018)	/ 2 )
	=	124.2	/	1820.3715
	=	6.82 %

Tianjin Keyvia Electric 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 )
	=	120.608	/	( ( (3099.733 - 1145.715)	+	(3053.844 - 1077.451) )	/ 2 )
	=	120.608	/	( ( 1954.018	+	1976.393 )	/ 2 )
	=	120.608	/	1965.2055
	=	6.14 %

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

Tianjin Keyvia Electric Co (SZSE:300407) 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 Keyvia Electric Co ROCE % Related Terms

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Tianjin Keyvia Electric Co (SZSE:300407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tianjin Keyvia Electric Co Ltd (SZSE:300407) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8th matter Hyflux Building Road, Tianjin Huayuan Industrial Park, Tianjin, CHN, 300384

Website

http://www.keyvia.cn

Tianjin Keyvia Electric Co Ltd covers two areas of electrified railway and urban rail transit, including traction power distribution automation system, dispatching and comprehensive monitoring system, industrial automation system, auxiliary control system for rolling stock, monitoring and diagnosis system, software product development, and others. The widely used products mainly include DK3500 electrified railway traction power supply integrated automation system, traction power supply power dispatching and monitoring system, integrated monitoring system, access control system, automatic ticket checking system, mechanical and electrical equipment monitoring system, passenger information system, disaster prevention alarm system, wireless communication system, and others.

Executives

Kong Xiang Zhou	Director
Wen Guo Wang	Supervisors
Wang Yong	Director
Wang Chuan Qi	Directors, executives
Wang Wei	Directors, executives
Zhang Zhong Jie	Directors, executives
Liu Kun	Supervisors
Chu Fei	Directors, executives
Cai Deng Ming	Directors, executives
Zhao Qin	Supervisors
Zhao Yi Huan	Executives
Wang Rui Jin	Securities Affairs Representative
Zhang Gang	Executives

Tianjin Keyvia Electric Co (SZSE:300407) Headlines

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