SAIC Motor (SHSE:600104) ROCE % : 3.76% (As of Mar. 2024)

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What is SAIC Motor 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. SAIC Motor's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.76%.

SAIC Motor ROCE % Historical Data

The historical data trend for SAIC Motor'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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SAIC Motor ROCE % Chart

SAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.38

9.49

10.24

6.99

6.40

SAIC Motor 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															5.93	7.76	7.86	3.97	3.76

SAIC Motor ROCE % Calculation

SAIC Motor'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 )
	=	28959.233	/	( ( (990107.381 - 543974.742)	+	(1006650.279 - 547440.155) )	/ 2 )
	=	28959.233	/	( (446132.639	+	459210.124)	/ 2 )
	=	28959.233	/	452671.3815
	=	6.40 %

SAIC Motor'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 )
	=	17356.956	/	( ( (1006650.279 - 547440.155)	+	(959575.572 - 495439.48) )	/ 2 )
	=	17356.956	/	( ( 459210.124	+	464136.092 )	/ 2 )
	=	17356.956	/	461673.108
	=	3.76 %

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

SAIC Motor (SHSE:600104) 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.

SAIC Motor ROCE % Related Terms

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SAIC Motor (SHSE:600104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAIC Motor Corp Ltd (SHSE:600104) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

489 Weihai Road, Shanghai, CHN, 200041

Website

http://www.saicmotor.com

SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. It is exploring intelligent driving technology research and industrialization of exploration. It is engaged in the research, production, and sales of parts for motor drive systems, chassis systems, batteries, electric drives, power electronics, and other new energy vehicles. Further, it is also involved in auto-related services such as logistics, e-commerce, travel, energy saving, and charging services; auto-related finance, insurance, and investment services; and the layout of industries of big data and artificial intelligence.

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