China Automotive Engineering Research Institute Co (SHSE:601965) ROCE % : 11.54% (As of Mar. 2024)

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What is China Automotive Engineering Research Institute 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. China Automotive Engineering Research Institute Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.54%.

China Automotive Engineering Research Institute Co ROCE % Historical Data

The historical data trend for China Automotive Engineering Research Institute 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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China Automotive Engineering Research Institute Co ROCE % Chart

China Automotive Engineering Research Institute Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.53

12.90

14.65

13.20

14.31

China Automotive Engineering Research Institute 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															11.07	14.75	15.60	16.46	11.54

China Automotive Engineering Research Institute Co ROCE % Calculation

China Automotive Engineering Research Institute 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 )
	=	974.094	/	( ( (8040.61 - 1542.239)	+	(8958.849 - 1841.161) )	/ 2 )
	=	974.094	/	( (6498.371	+	7117.688)	/ 2 )
	=	974.094	/	6808.0295
	=	14.31 %

China Automotive Engineering Research Institute 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 )
	=	842.096	/	( ( (8958.849 - 1841.161)	+	(9162.873 - 1691.872) )	/ 2 )
	=	842.096	/	( ( 7117.688	+	7471.001 )	/ 2 )
	=	842.096	/	7294.3445
	=	11.54 %

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

China Automotive Engineering Research Institute Co (SHSE:601965) 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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China Automotive Engineering Research Institute Co (SHSE:601965) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Automotive Engineering Research Institute Co Ltd (SHSE:601965) » Definitions » ROCE %

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N/A

Address

No.9, Jin Yu Avenue, North District, Economic Development Zone, Chongqing, CHN

Website

http://www.caeri.com.cn

China Automotive Engineering Research Institute Co Ltd is an automobile company based in China. It is mainly engaged in the technical service for automobile and manufacturing operations of automobile including the development of various products, the technical consulting, test and the quality inspection and authentication. In addition, the company is specialized in research and development, manufacturing and marketing of special vehicles, with main products involving 5 types and 200-odd models including engineering dump trucks, concrete mixers, sanitation vehicles, logistics transport vehicles and integration vehicles.

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