Tongda Smart Tech (Xiamen) Co (SZSE:001368) ROCE % : 9.66% (As of Mar. 2024)

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What is Tongda Smart Tech (Xiamen) 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. Tongda Smart Tech (Xiamen) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.66%.

Tongda Smart Tech (Xiamen) Co ROCE % Historical Data

The historical data trend for Tongda Smart Tech (Xiamen) 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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Tongda Smart Tech (Xiamen) Co ROCE % Chart

Tongda Smart Tech (Xiamen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.61

21.64

27.34

22.35

10.56

Tongda Smart Tech (Xiamen) Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									13.34	7.52	7.88	6.96	9.66

Tongda Smart Tech (Xiamen) Co ROCE % Calculation

Tongda Smart Tech (Xiamen) 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 )
	=	113.863	/	( ( (905.973 - 190.43)	+	(1666.661 - 225.375) )	/ 2 )
	=	113.863	/	( (715.543	+	1441.286)	/ 2 )
	=	113.863	/	1078.4145
	=	10.56 %

Tongda Smart Tech (Xiamen) 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 )
	=	140.832	/	( ( (1666.661 - 225.375)	+	(1709.423 - 235.877) )	/ 2 )
	=	140.832	/	( ( 1441.286	+	1473.546 )	/ 2 )
	=	140.832	/	1457.416
	=	9.66 %

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

Tongda Smart Tech (Xiamen) Co (SZSE:001368) 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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Tongda Smart Tech (Xiamen) Co (SZSE:001368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tongda Smart Tech (Xiamen) Co Ltd (SZSE:001368) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 89 DingShan Middle Road, Dongfu Town, Fujian Province, Haicang District, Xiamen, CHN, 361027

Website

http://www.xmcz.cn

Tongda Smart Tech (Xiamen) Co Ltd is engaged in the research and development, production and sales of consumer products such as sports outdoor, home life, health care and others.

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