Shenzhen TVT Digital Technology Co (SZSE:002835) ROCE % : 16.32% (As of Mar. 2024)

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What is Shenzhen TVT Digital Technology 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. Shenzhen TVT Digital Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.32%.

Shenzhen TVT Digital Technology Co ROCE % Historical Data

The historical data trend for Shenzhen TVT Digital Technology 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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Shenzhen TVT Digital Technology Co ROCE % Chart

Shenzhen TVT Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.02

10.17

11.67

12.87

15.40

Shenzhen TVT Digital Technology 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															4.00	18.37	15.81	24.19	16.32

Shenzhen TVT Digital Technology Co ROCE % Calculation

Shenzhen TVT Digital Technology 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 )
	=	152.96	/	( ( (1281.668 - 344.71)	+	(1366.877 - 317.857) )	/ 2 )
	=	152.96	/	( (936.958	+	1049.02)	/ 2 )
	=	152.96	/	992.989
	=	15.40 %

Shenzhen TVT Digital Technology 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 )
	=	173.812	/	( ( (1366.877 - 317.857)	+	(1296.232 - 215.188) )	/ 2 )
	=	173.812	/	( ( 1049.02	+	1081.044 )	/ 2 )
	=	173.812	/	1065.032
	=	16.32 %

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

Shenzhen TVT Digital Technology Co (SZSE:002835) 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.

Shenzhen TVT Digital Technology Co ROCE % Related Terms

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Shenzhen TVT Digital Technology Co (SZSE:002835) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen TVT Digital Technology Co Ltd (SZSE:002835) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yuehai Street, Shenzhen Bay Science and Technology Park, 23rd Floor, Block B4, Building 9, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.tvt.net.cn

Shenzhen TVT Digital Technology Co Ltd is a China-based company principally engaged in the research, development, manufacture and distribution of security video surveillance products. The company provides a range of HD analog, IP, and speed dome cameras; NVR products; hybrid DVR products; network storage server integrated platform, software decoders, and HD video encoders; and keyboard camera accessories. It also offers software solutions for CMS and mobile applications. The company serves schools, hospitals, commercial complexes, and industrial parks, as well as transportation, finance, and real estate industries.

Executives

Wang Lan Bo	Supervisors
Liu Di	Directors, executives
Liang Xue Jun	Executives
Liu Jie	Directors, executives
Yang Han Peng	Directors, executives
Peng Xue Wu	Independent director
Gu Ning	Securities Affairs Representative

Shenzhen TVT Digital Technology Co (SZSE:002835) Headlines

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