Zhengzhou Tiamaes Technology Co (SZSE:300807) ROCE % : -13.79% (As of Mar. 2024)

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What is Zhengzhou Tiamaes 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. Zhengzhou Tiamaes Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.79%.

Zhengzhou Tiamaes Technology Co ROCE % Historical Data

The historical data trend for Zhengzhou Tiamaes 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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Zhengzhou Tiamaes Technology Co ROCE % Chart

Zhengzhou Tiamaes Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.43

-0.32

-7.93

-1.84

-10.33

Zhengzhou Tiamaes 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															-10.32	-18.79	-9.17	-3.61	-13.79

Zhengzhou Tiamaes Technology Co ROCE % Calculation

Zhengzhou Tiamaes 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 )
	=	-60.004	/	( ( (777.319 - 181.942)	+	(721.937 - 155.841) )	/ 2 )
	=	-60.004	/	( (595.377	+	566.096)	/ 2 )
	=	-60.004	/	580.7365
	=	-10.33 %

Zhengzhou Tiamaes 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 )
	=	-76.688	/	( ( (721.937 - 155.841)	+	(681.326 - 135.508) )	/ 2 )
	=	-76.688	/	( ( 566.096	+	545.818 )	/ 2 )
	=	-76.688	/	555.957
	=	-13.79 %

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

Zhengzhou Tiamaes Technology Co (SZSE:300807) 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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Zhengzhou Tiamaes Technology Co (SZSE:300807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhengzhou Tiamaes Technology Co Ltd (SZSE:300807) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 316 Lianhua Street, No. 10 Building, Zhengzhou High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450000

Website

http://en.tiamaes.com

Zhengzhou Tiamaes Technology Co Ltd operates as a specialized in urban public transport intelligent dispatching platform and research and development and design, production and sales of vehicle electronic products. The company is a provider of information system about urban intelligent transportation solutions and 2G/3G video/GPS/BDS beidou monitoring solutions in domestic,mainly engaged in the development,production and sales of medium andhigh-end system integrated products based on the above solutions,at present has formed the business structure with the vehicle network application field products as main products,with the whole urban bus intelligent solutions as fist products.

Executives

Shi Lei Lei	Supervisors
Zhang Zhen Hua	Executives
Si Ai Jun	Independent director

Zhengzhou Tiamaes Technology Co (SZSE:300807) Headlines

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