Tian Yuan Group Holdings (HKSE:06119) ROCE % : 12.42% (As of Dec. 2023)

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What is Tian Yuan Group 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 Yuan Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.42%.

Tian Yuan Group Holdings ROCE % Historical Data

The historical data trend for Tian Yuan Group 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 Yuan Group Holdings ROCE % Chart

Tian Yuan Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.94

12.90

10.47

9.62

10.95

Tian Yuan Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											8.91	12.86	7.00	9.98	12.42

Tian Yuan Group Holdings ROCE % Calculation

Tian Yuan Group Holdings'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 )
	=	42.315	/	( ( (525.863 - 132.982)	+	(421.552 - 41.476) )	/ 2 )
	=	42.315	/	( (392.881	+	380.076)	/ 2 )
	=	42.315	/	386.4785
	=	10.95 %

Tian Yuan Group Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	46.58	/	( ( (499.363 - 129.344)	+	(421.552 - 41.476) )	/ 2 )
	=	46.58	/	( ( 370.019	+	380.076 )	/ 2 )
	=	46.58	/	375.0475
	=	12.42 %

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

Tian Yuan Group Holdings (HKSE:06119) 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 Yuan Group Holdings ROCE % Related Terms

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Tian Yuan Group Holdings (HKSE:06119) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tian Yuan Group Holdings Ltd (HKSE:06119) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

168 Renmin South Road, Maoming, CHN

Website

https://www.tianyuangroupholdings.com

Tian Yuan Group Holdings Ltd is engaged in the provision of bulk and general cargo uploading and unloading services supply and sales of oil products and related ancillary value-added port services in The People's Republic of China. Cargo uploading and unloading services handle bulk cargo such as coal, quartz sand, oil products, grain, asphalt, and kaolinite, as well as a small portion of break bulk cargo and neo-bulk cargo. Related ancillary value-added port services consist of storage services at oil tanks and grain barns as well as leasing of shovel trucks. It operates in two segments: Cargo handling and ancillary services and Sales of oil products. The company generates a majority of its revenue from Cargo handling and ancillary service segment.

Executives

Huang Yongcheng	2101 Beneficial owner
Sino Ford Enterprises Limited
Yang Jinming
Zhang Dan

Tian Yuan Group Holdings (HKSE:06119) Headlines

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