TDH Holdings (TDH Holdings) ROCE % : -70.72% (As of Dec. 2023)

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What is TDH 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. TDH Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -70.72%.

TDH Holdings ROCE % Historical Data

The historical data trend for TDH 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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TDH Holdings ROCE % Chart

TDH Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13,942.86

-46.09

-15.18

-36.00

TDH Holdings Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												-76.30	-8.40	-25.57	0.27	-70.72

TDH Holdings ROCE % Calculation

TDH 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 )
	=	-8.522	/	( ( (36.513 - 14.675)	+	(28.901 - 3.389) )	/ 2 )
	=	-8.522	/	( (21.838	+	25.512)	/ 2 )
	=	-8.522	/	23.675
	=	-36.00 %

TDH 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 )
	=	-17.104	/	( ( (35.559 - 12.697)	+	(28.901 - 3.389) )	/ 2 )
	=	-17.104	/	( ( 22.862	+	25.512 )	/ 2 )
	=	-17.104	/	24.187
	=	-70.72 %

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

TDH Holdings (NAS:PETZ) 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.

TDH Holdings ROCE % Related Terms

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TDH Holdings (TDH Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TDH Holdings Inc (NAS:PETZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2521 Tiejueshan Road, Huangdao District, Shandong Province, Qingdao, CHN

Website

http://www.tiandihui.com

TDH Holdings Inc is engaged in the business of manufacturing and selling of petfood and restaurant operations. The company has two operating segments which include Petfood sales and Restaurant business. It has a focus on the Restaurant business segment and generates the majority of its revenue.