Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) ROCE % : 3.34% (As of Mar. 2024)

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What is Guangdong Tianhe Agricultural Means Of Production 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. Guangdong Tianhe Agricultural Means Of Production Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.34%.

Guangdong Tianhe Agricultural Means Of Production Co ROCE % Historical Data

The historical data trend for Guangdong Tianhe Agricultural Means Of Production 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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Guangdong Tianhe Agricultural Means Of Production Co ROCE % Chart

Guangdong Tianhe Agricultural Means Of Production Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.97

10.82

12.74

11.40

8.18

Guangdong Tianhe Agricultural Means Of Production 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															5.64	12.33	2.02	12.99	3.34

Guangdong Tianhe Agricultural Means Of Production Co ROCE % Calculation

Guangdong Tianhe Agricultural Means Of Production 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 )
	=	174.858	/	( ( (6643.464 - 4515.583)	+	(6874.236 - 4726.497) )	/ 2 )
	=	174.858	/	( (2127.881	+	2147.739)	/ 2 )
	=	174.858	/	2137.81
	=	8.18 %

Guangdong Tianhe Agricultural Means Of Production 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 )
	=	71.708	/	( ( (6874.236 - 4726.497)	+	(9198.688 - 7050.711) )	/ 2 )
	=	71.708	/	( ( 2147.739	+	2147.977 )	/ 2 )
	=	71.708	/	2147.858
	=	3.34 %

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

Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) 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.

Guangdong Tianhe Agricultural Means Of Production Co ROCE % Related Terms

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Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Guangdong Tianhe Agricultural Means Of Production Co Ltd (SZSE:002999) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

709 Dongfeng East Road, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510080

Website

https://www.gd-tianhe.com

Guangdong Tianhe Agricultural Means Of Production Co Ltd is engaged in sales of fertilizers, pesticides and other agricultural products and provide professional agricultural technology services. The company mainly sells nitrogen fertilizer and potash fertilizer to wholesale customers and industrial customers.

Executives

Xu Zhi Gang	Executives
Luo Xuan Bin	Executives
Qiu Jun Wei	Executives
Liu Yong Feng	Secretary Dong
Yao Wei Ying	Directors, executives
Liu Yi	Director
Ke Ying Chao	Directors, executives

Guangdong Tianhe Agricultural Means Of Production Co (SZSE:002999) Headlines

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