Tianjin Pengling Group Co (SZSE:300375) ROCE % : 5.32% (As of Mar. 2024)

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What is Tianjin Pengling Group 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. Tianjin Pengling Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.32%.

Tianjin Pengling Group Co ROCE % Historical Data

The historical data trend for Tianjin Pengling Group 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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Tianjin Pengling Group Co ROCE % Chart

Tianjin Pengling Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.73

-0.54

3.51

3.15

1.22

Tianjin Pengling Group 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															3.89	-1.28	6.24	-4.03	5.32

Tianjin Pengling Group Co ROCE % Calculation

Tianjin Pengling Group 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 )
	=	26.668	/	( ( (2724.733 - 684.789)	+	(3316.146 - 996.76) )	/ 2 )
	=	26.668	/	( (2039.944	+	2319.386)	/ 2 )
	=	26.668	/	2179.665
	=	1.22 %

Tianjin Pengling Group 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 )
	=	124.272	/	( ( (3316.146 - 996.76)	+	(3198.913 - 844.16) )	/ 2 )
	=	124.272	/	( ( 2319.386	+	2354.753 )	/ 2 )
	=	124.272	/	2337.0695
	=	5.32 %

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

Tianjin Pengling Group Co (SZSE:300375) 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.

Tianjin Pengling Group Co ROCE % Related Terms

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Tianjin Pengling Group Co (SZSE:300375) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianjin Pengling Group Co Ltd (SZSE:300375) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1703 Gewan Road, Zhongtang Industrial Area, Binhai New Area, Tianjin, CHN, 300270

Website

http://www.pengling.cn

Tianjin Pengling Rubber Hose Co Ltd is engaged in the design, research and development, production, and sales of automobile accessory. The products of the company include pipe series and seal series.

Executives

Zhang Hong Qi	Director
Wang Zhong Sheng	Supervisors
Li Jin Lou	Directors, executives
Gao Xian Hua	Executives
Liu Li	Supervisors
Zhang Bao Xin	Directors, executives
Liu Shi Ling	Secretary, Director
Zhang Xi Cheng	Executives
Wang Shao Guo	Supervisors

Tianjin Pengling Group Co (SZSE:300375) Headlines

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