Dongguan Tarry Electronics Co (SZSE:300976) ROCE % : 4.20% (As of Mar. 2024)

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What is Dongguan Tarry Electronics 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. Dongguan Tarry Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.20%.

Dongguan Tarry Electronics Co ROCE % Historical Data

The historical data trend for Dongguan Tarry Electronics 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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Dongguan Tarry Electronics Co ROCE % Chart

Dongguan Tarry Electronics Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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56.64

32.83

12.86

7.49

2.42

Dongguan Tarry Electronics Co Quarterly Data
	Dec18	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															0.43	2.31	3.27	3.73	4.20

Dongguan Tarry Electronics Co ROCE % Calculation

Dongguan Tarry Electronics 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 )
	=	77.939	/	( ( (3550.71 - 357.465)	+	(3677.787 - 427.302) )	/ 2 )
	=	77.939	/	( (3193.245	+	3250.485)	/ 2 )
	=	77.939	/	3221.865
	=	2.42 %

Dongguan Tarry Electronics 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 )
	=	136.452	/	( ( (3677.787 - 427.302)	+	(3721.254 - 473.77) )	/ 2 )
	=	136.452	/	( ( 3250.485	+	3247.484 )	/ 2 )
	=	136.452	/	3248.9845
	=	4.20 %

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

Dongguan Tarry Electronics Co (SZSE:300976) 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.

Dongguan Tarry Electronics Co ROCE % Related Terms

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Dongguan Tarry Electronics Co (SZSE:300976) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongguan Tarry Electronics Co Ltd (SZSE:300976) » Definitions » ROCE %

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Address

Tongsha Science and Technology Park, 3rd Floor, Area B, Building 5, Guanghui Industrial Zone, Dongcheng District, Guangdong Province, Dongguan, CHN, 523127

Website

http://www.dgtarry.com

Dongguan Tarry Electronics Co Ltd is engaged in the research and development, production and sales of functional and structural devices for consumer electronics. It specializes in the production of precision die-cutting products, foam protective film tape, insulating and thermally conductive products, EMI shielding products, sewing and high-frequency earmuffs, head cushion products, assembly automation equipment and many other product series. Products are widely used in FPC flexible circuit boards, OLED backlight display modules, plastic shells, solar photovoltaics, power batteries, audio headsets, VR/AR and other electronic and electrical industries.

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