China TMK Battery Systems (China TMK Battery Systems) ROCE % : 24.82% (As of Sep. 2011)

View and export this data going back to 2007. Start your Free Trial

What is China TMK Battery Systems 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. China TMK Battery Systems's annualized ROCE % for the quarter that ended in Sep. 2011 was 24.82%.

China TMK Battery Systems ROCE % Historical Data

The historical data trend for China TMK Battery Systems'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.

China TMK Battery Systems ROCE % Chart

China TMK Battery Systems Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Dec10

ROCE %

-4.17

-112.33

-116.13

38.70

China TMK Battery Systems Quarterly Data
	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
ROCE %	Get a 7-Day Free Trial															34.81	28.48	36.77	30.34	24.82

China TMK Battery Systems ROCE % Calculation

China TMK Battery Systems's annualized ROCE % for the fiscal year that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2010 )		(A: Sep. 2009 )		(A: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2010 )		(A: Sep. 2009 )		(A: Dec. 2010 )
	=	8.874	/	( ( (0.003 - 0.07)	+	(61.851 - 15.918) )	/ 2 )
	=	8.874	/	( (-0.067	+	45.933)	/ 2 )
	=	8.874	/	22.933
	=	38.70 %

China TMK Battery Systems's ROCE % of for the quarter that ended in Sep. 2011 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2011 )		(Q: Jun. 2011 )		(Q: Sep. 2011 )
	=	18.812	/	( ( (99.73 - 22.442)	+	(105.023 - 30.753) )	/ 2 )
	=	18.812	/	( ( 77.288	+	74.27 )	/ 2 )
	=	18.812	/	75.779
	=	24.82 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2011) EBIT data.

China TMK Battery Systems (OTCPK:DFEL) 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.

China TMK Battery Systems ROCE % Related Terms

Thank you for viewing the detailed overview of China TMK Battery Systems's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China TMK Battery Systems (China TMK Battery Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China TMK Battery Systems Inc (OTCPK:DFEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuhua Road, Room 2406, East Block, Great China International Exchange Square, Futian District, Shenzhen, CHN, 7390

Website

https://www.tmk-battery.com

China TMK Battery Systems Inc is a United States is based on the research and development, manufacturing, sales and service of core products in the new energy industry. The company has newly established a number of wholly-owned subsidiaries in mainland China, which are distributed in the centralized rapid charging for new energy vehicles, lithium batteries, new materials, artificial intelligence basic software equipment, Internet and other.

China TMK Battery Systems (China TMK Battery Systems) Headlines

No Headlines