Apollo Future Mobility Group (STU:U1R1) ROCE % : -40.66% (As of Dec. 2023)

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What is Apollo Future Mobility Group 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. Apollo Future Mobility Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -40.66%.

Apollo Future Mobility Group ROCE % Historical Data

The historical data trend for Apollo Future Mobility Group'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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Apollo Future Mobility Group ROCE % Chart

Apollo Future Mobility Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Dec23

ROCE %

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-15.39

-1.58

-8.46

-21.54

Apollo Future Mobility Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-8.94	-6.58	0.48	-3.98	-40.66

Apollo Future Mobility Group ROCE % Calculation

Apollo Future Mobility Group'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 )
	=	-99.301	/	( ( (598.24 - 75.042)	+	(460.234 - 61.615) )	/ 2 )
	=	-99.301	/	( (523.198	+	398.619)	/ 2 )
	=	-99.301	/	460.9085
	=	-21.54 %

Apollo Future Mobility Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-180.346	/	( ( (568.665 - 80.208)	+	(460.234 - 61.615) )	/ 2 )
	=	-180.346	/	( ( 488.457	+	398.619 )	/ 2 )
	=	-180.346	/	443.538
	=	-40.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Apollo Future Mobility Group (STU:U1R1) 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.

Apollo Future Mobility Group ROCE % Related Terms

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Apollo Future Mobility Group (STU:U1R1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Apollo Future Mobility Group Ltd (STU:U1R1) » Definitions » ROCE %

Traded in Other Exchanges

00860:Hong Kong

Address

189 Des Voeux Road Central, Sheung Wan, Units 2001-2002, 20th Floor, Li Po Chun Chambers, Hong Kong, HKG

Website

https://www.apollofmg.com

Apollo Future Mobility Group Ltd is an investment holding company. It operates in three segments. The Mobility technology solutions segment engages in designing, developing, manufacturing, and sales high-performance hypercars and provision of mobility technology solutions. Jewellery products and watches segment that derives majority revenue focus on retailing and wholesale of jewellery products and watches. The Money Lending segment provides loan finance. ,Majority revenue is derived from Jewellery products, watches and other commodities segment. Geographically Mainland China accounts for majority revenue.

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