Anhui Tuoshan Heavy Industries Co (SZSE:001226) ROCE % : 3.24% (As of Mar. 2024)

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What is Anhui Tuoshan Heavy Industries 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. Anhui Tuoshan Heavy Industries Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.24%.

Anhui Tuoshan Heavy Industries Co ROCE % Historical Data

The historical data trend for Anhui Tuoshan Heavy Industries 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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Anhui Tuoshan Heavy Industries Co ROCE % Chart

Anhui Tuoshan Heavy Industries Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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53.92

47.48

33.81

12.13

-1.06

Anhui Tuoshan Heavy Industries Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											4.90	-1.56	-1.87	-5.32	3.24

Anhui Tuoshan Heavy Industries Co ROCE % Calculation

Anhui Tuoshan Heavy Industries 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 )
	=	-8.578	/	( ( (1104.07 - 320.239)	+	(1111.122 - 276.827) )	/ 2 )
	=	-8.578	/	( (783.831	+	834.295)	/ 2 )
	=	-8.578	/	809.063
	=	-1.06 %

Anhui Tuoshan Heavy Industries 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 )
	=	27.712	/	( ( (1111.122 - 276.827)	+	(1123.473 - 249.259) )	/ 2 )
	=	27.712	/	( ( 834.295	+	874.214 )	/ 2 )
	=	27.712	/	854.2545
	=	3.24 %

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

Anhui Tuoshan Heavy Industries Co (SZSE:001226) 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.

Anhui Tuoshan Heavy Industries Co ROCE % Related Terms

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Anhui Tuoshan Heavy Industries Co (SZSE:001226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Anhui Tuoshan Heavy Industries Co Ltd (SZSE:001226) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Tongrui Avenue, Guangde Economic Development Zone, Anhui Province, Xuancheng, CHN, 242200

Website

Anhui Tuoshan Heavy Industries Co Ltd is engaged in design, production, sales and service of construction machinery parts and assemblies.

Anhui Tuoshan Heavy Industries Co (SZSE:001226) Headlines

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