Chongqing Changan Automobile Co (SZSE:000625) ROCE % : 1.86% (As of Mar. 2024)

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What is Chongqing Changan Automobile 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. Chongqing Changan Automobile Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.86%.

Chongqing Changan Automobile Co ROCE % Historical Data

The historical data trend for Chongqing Changan Automobile 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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Chongqing Changan Automobile Co ROCE % Chart

Chongqing Changan Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.46

5.08

6.72

11.93

13.52

Chongqing Changan Automobile 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															8.50	26.71	-19.59	35.17	1.86

Chongqing Changan Automobile Co ROCE % Calculation

Chongqing Changan Automobile 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 )
	=	10654.855	/	( ( (146049.068 - 75359.354)	+	(190171.127 - 103239.417) )	/ 2 )
	=	10654.855	/	( (70689.714	+	86931.71)	/ 2 )
	=	10654.855	/	78810.712
	=	13.52 %

Chongqing Changan Automobile 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 )
	=	1630.584	/	( ( (190171.127 - 103239.417)	+	(190549.279 - 101906.903) )	/ 2 )
	=	1630.584	/	( ( 86931.71	+	88642.376 )	/ 2 )
	=	1630.584	/	87787.043
	=	1.86 %

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

Chongqing Changan Automobile Co (SZSE:000625) 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.

Chongqing Changan Automobile Co ROCE % Related Terms

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Chongqing Changan Automobile Co (SZSE:000625) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Changan Automobile Co Ltd (SZSE:000625) » Definitions » ROCE %

Traded in Other Exchanges

200625:China

Address

No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023

Website

https://www.changan.com.cn

Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.

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