TDG Holding Co (SHSE:600330) ROCE % : 2.46% (As of Mar. 2024)

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What is TDG Holding 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. TDG Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.46%.

TDG Holding Co ROCE % Historical Data

The historical data trend for TDG Holding 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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TDG Holding Co ROCE % Chart

TDG Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.66

10.25

9.56

11.42

4.40

TDG Holding 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															4.98	5.43	4.45	2.68	2.46

TDG Holding Co ROCE % Calculation

TDG Holding 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 )
	=	361.824	/	( ( (10887.072 - 2772.83)	+	(11588.549 - 3270.376) )	/ 2 )
	=	361.824	/	( (8114.242	+	8318.173)	/ 2 )
	=	361.824	/	8216.2075
	=	4.40 %

TDG Holding 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 )
	=	203.74	/	( ( (11588.549 - 3270.376)	+	(11348.246 - 3076.493) )	/ 2 )
	=	203.74	/	( ( 8318.173	+	8271.753 )	/ 2 )
	=	203.74	/	8294.963
	=	2.46 %

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

TDG Holding Co (SHSE:600330) 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.

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TDG Holding Co (SHSE:600330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TDG Holding Co Ltd (SHSE:600330) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Longxiang Building, 18F, Haining, Zhejiang, CHN, 314400

Website

http://www.tdgcore.com

TDG Holding Co Ltd is engaged in the manufacturing and marketing of electronic materials, electronic components, intelligent equipment, and strategic investments. Its products include MnZn, NiZn, metal powder cores, sapphire crystal materials and LT/LN.

Executives

Zhang Gui Bao	Supervisors
Zheng Xiao Bin	Director
Duan Jin Zhu	Supervisors
Tan Guo Liang	Supervisors
Pan Jian Qing	Director
Xu Chun Ming	Supervisors
Zhang Rui Biao	senior management
Pan Jin Xin	Director
Pan Guang Tong	Director

TDG Holding Co (SHSE:600330) Headlines

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