Along Tibet Co (SHSE:600773) ROCE % : -1.80% (As of Mar. 2024)

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What is Along Tibet 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. Along Tibet Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.80%.

Along Tibet Co ROCE % Historical Data

The historical data trend for Along Tibet 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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Along Tibet Co ROCE % Chart

Along Tibet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.74

3.02

3.96

4.32

2.96

Along Tibet 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															4.03	2.59	2.76	1.07	-1.80

Along Tibet Co ROCE % Calculation

Along Tibet 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 )
	=	204.254	/	( ( (13944.528 - 6745.701)	+	(13506.859 - 6914.138) )	/ 2 )
	=	204.254	/	( (7198.827	+	6592.721)	/ 2 )
	=	204.254	/	6895.774
	=	2.96 %

Along Tibet 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 )
	=	-125.288	/	( ( (13506.859 - 6914.138)	+	(14534.58 - 7192.576) )	/ 2 )
	=	-125.288	/	( ( 6592.721	+	7342.004 )	/ 2 )
	=	-125.288	/	6967.3625
	=	-1.80 %

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

Along Tibet Co (SHSE:600773) 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.

Along Tibet Co ROCE % Related Terms

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Along Tibet Co (SHSE:600773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Along Tibet Co Ltd (SHSE:600773) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 56 Jinzhu West Road, Department of Commerce of Tibet, 10F, Lasa, Tibet, CHN, 850000

Website

Along Tibet Co Ltd is a real estate developer. The Company is engaged in urban transformation, and residential properties.

Executives

Zhang Ze Yun	senior management
Ceng Yuan Chun	senior management
Wu Su Fen	Supervisors
Tao Ying	senior management
Wang De Yin	senior management
Wu Jing Dong	senior management
Liu Hui Quan	Supervisors

Along Tibet Co (SHSE:600773) Headlines

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