Chengdu TangYuan Electric Co (SZSE:300789) ROCE % : 2.98% (As of Mar. 2024)

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What is Chengdu TangYuan 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. Chengdu TangYuan Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.98%.

Chengdu TangYuan Electric Co ROCE % Historical Data

The historical data trend for Chengdu TangYuan 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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Chengdu TangYuan Electric Co ROCE % Chart

Chengdu TangYuan Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.89

7.73

9.03

10.62

11.50

Chengdu TangYuan 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															1.79	18.73	1.15	24.40	2.98

Chengdu TangYuan Electric Co ROCE % Calculation

Chengdu TangYuan 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 )
	=	115.667	/	( ( (1284.074 - 341.056)	+	(1486.44 - 418.254) )	/ 2 )
	=	115.667	/	( (943.018	+	1068.186)	/ 2 )
	=	115.667	/	1005.602
	=	11.50 %

Chengdu TangYuan 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 )
	=	31.9	/	( ( (1486.44 - 418.254)	+	(1477.025 - 402.042) )	/ 2 )
	=	31.9	/	( ( 1068.186	+	1074.983 )	/ 2 )
	=	31.9	/	1071.5845
	=	2.98 %

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

Chengdu TangYuan Electric Co (SZSE:300789) 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.

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Chengdu TangYuan Electric Co (SZSE:300789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chengdu TangYuan Electric Co Ltd (SZSE:300789) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 355, Wuxing 5th Road, A1-1-9, West Zhigu, Sichuan Province, Chengdu, CHN

Website

http://www.cdtye.com

Chengdu TangYuan Electric Co Ltd is a rail transit operation and maintenance solution provider. Its main business is traction power supply and public works engineering for the rail transit industry. It is also engaged in the development, manufacturing and sales of inspection and monitoring and information management systems.

Executives

Jin You Tao	Executives
Wang Rui Feng	Directors, executives
Yang Pin	Supervisors
She Chao Fu	Directors, executives

Chengdu TangYuan Electric Co (SZSE:300789) Headlines

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