Tian Ruixiang Holdings (Tian Ruixiang Holdings) ROCE % : -11.32% (As of Apr. 2023)

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What is Tian Ruixiang Holdings 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. Tian Ruixiang Holdings's annualized ROCE % for the quarter that ended in Apr. 2023 was -11.32%.

Tian Ruixiang Holdings ROCE % Historical Data

The historical data trend for Tian Ruixiang Holdings'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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Tian Ruixiang Holdings ROCE % Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

ROCE %

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36.86

5.74

6.83

-9.39

-13.59

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
ROCE %	Get a 7-Day Free Trial							-6.81	-12.38	-20.30	-6.02	-11.32

Tian Ruixiang Holdings ROCE % Calculation

Tian Ruixiang Holdings's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	-4.945	/	( ( (40.35 - 1.118)	+	(35.031 - 1.494) )	/ 2 )
	=	-4.945	/	( (39.232	+	33.537)	/ 2 )
	=	-4.945	/	36.3845
	=	-13.59 %

Tian Ruixiang Holdings's ROCE % of for the quarter that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	-3.856	/	( ( (35.031 - 1.494)	+	(37.003 - 2.437) )	/ 2 )
	=	-3.856	/	( ( 33.537	+	34.566 )	/ 2 )
	=	-3.856	/	34.0515
	=	-11.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 2023) EBIT data.

Tian Ruixiang Holdings (NAS:TIRX) 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.

Tian Ruixiang Holdings ROCE % Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.