Terrence Energy Co (BJSE:834014) ROCE % : 3.93% (As of Mar. 2024)

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What is Terrence Energy 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. Terrence Energy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.93%.

Terrence Energy Co ROCE % Historical Data

The historical data trend for Terrence Energy 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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Terrence Energy Co ROCE % Chart

Terrence Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.54

36.41

19.50

12.97

8.97

Terrence Energy Co Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.78	9.32	11.55	11.51	3.93

Terrence Energy Co ROCE % Calculation

Terrence Energy 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 )
	=	70.291	/	( ( (1385.593 - 612.917)	+	(1368.592 - 574.233) )	/ 2 )
	=	70.291	/	( (772.676	+	794.359)	/ 2 )
	=	70.291	/	783.5175
	=	8.97 %

Terrence Energy 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 )
	=	31.38	/	( ( (1368.592 - 574.233)	+	(1254.743 - 453.023) )	/ 2 )
	=	31.38	/	( ( 794.359	+	801.72 )	/ 2 )
	=	31.38	/	798.0395
	=	3.93 %

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

Terrence Energy Co (BJSE:834014) 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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Terrence Energy Co (BJSE:834014) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Terrence Energy Co Ltd (BJSE:834014) » Definitions » ROCE %

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Address

No. 22, Yanhe Middle Road, Xinbei District, Jiangsu Province, Changzhou City, CHN, 213133

Website

http://www.terrence.com.cn

Terrence Energy Co Ltd engages in the manufacturing, production, and sales of natural gas transmission and distribution and application equipment. Its products involve the whole process of natural gas collection, transmission and distribution, and application; the products are widely used in industries and fields such as public utilities, gas-fired power generation, and industrial raw materials. It manufactures and installation of pressure pipeline components and pressure vessels, safety accessories; oil and gas equipment and accessories, automation engineering and information system integration, technical services of computer software and hardware, electronic equipment, and mechanical and electrical products.

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