Tecon Biology Co (SZSE:002100) ROCE % : 5.04% (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Tecon Biology 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. Tecon Biology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.04%.

Tecon Biology Co ROCE % Historical Data

The historical data trend for Tecon Biology 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.

* Premium members only.

Tecon Biology Co ROCE % Chart

Tecon Biology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

13.25

26.11

-4.90

3.94

-10.93

Tecon Biology 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															2.28	-13.89	-0.28	-33.82	5.04

Tecon Biology Co ROCE % Calculation

Tecon Biology 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 )
	=	-1247.429	/	( ( (19362.391 - 6208.053)	+	(16751.66 - 7087.194) )	/ 2 )
	=	-1247.429	/	( (13154.338	+	9664.466)	/ 2 )
	=	-1247.429	/	11409.402
	=	-10.93 %

Tecon Biology 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 )
	=	497.668	/	( ( (16751.66 - 7087.194)	+	(17166.609 - 7095.294) )	/ 2 )
	=	497.668	/	( ( 9664.466	+	10071.315 )	/ 2 )
	=	497.668	/	9867.8905
	=	5.04 %

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

Tecon Biology Co (SZSE:002100) 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.

Tecon Biology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Tecon Biology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tecon Biology Co (SZSE:002100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tecon Biology Co Ltd (SZSE:002100) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

High-tech Zone in Changchun Road, 528 Tiankang Business Building, Xinjiang, Urumqi, CHN, 830011

Website

http://www.tcsw.com.cn

Tecon Biology Co Ltd is engaged in the production and sales of veterinary biological products and animal disease prevention, modern pig science breeding and breeding, feed research and development and production, and pig slaughtering and processing. The company mainly operates its businesses within domestic markets, with Xinjiang Province as its main market.

Tecon Biology Co (SZSE:002100) Headlines

No Headlines