Zhejiang Taotao Vehicles Co (SZSE:301345) ROCE % : 9.75% (As of Mar. 2024)

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What is Zhejiang Taotao Vehicles 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. Zhejiang Taotao Vehicles Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.75%.

Zhejiang Taotao Vehicles Co ROCE % Historical Data

The historical data trend for Zhejiang Taotao Vehicles 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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Zhejiang Taotao Vehicles Co ROCE % Chart

Zhejiang Taotao Vehicles Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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56.94

68.65

46.82

28.02

17.10

Zhejiang Taotao Vehicles Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											8.54	16.10	12.77	12.99	9.75

Zhejiang Taotao Vehicles Co ROCE % Calculation

Zhejiang Taotao Vehicles 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 )
	=	348.923	/	( ( (1690.618 - 651.98)	+	(3787.484 - 745.347) )	/ 2 )
	=	348.923	/	( (1038.638	+	3042.137)	/ 2 )
	=	348.923	/	2040.3875
	=	17.10 %

Zhejiang Taotao Vehicles 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 )
	=	297.424	/	( ( (3787.484 - 745.347)	+	(4084.563 - 1026.371) )	/ 2 )
	=	297.424	/	( ( 3042.137	+	3058.192 )	/ 2 )
	=	297.424	/	3050.1645
	=	9.75 %

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

Zhejiang Taotao Vehicles Co (SZSE:301345) 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.

Zhejiang Taotao Vehicles Co ROCE % Related Terms

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Zhejiang Taotao Vehicles Co (SZSE:301345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Taotao Vehicles Co Ltd (SZSE:301345) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Xinyuan Road, Xinbi Street, Jinyun County, Zhejiang Province, Lishui, CHN, 321403

Website

http://www.taotaoatv.com

Zhejiang Taotao Vehicles Co Ltd is engaged in the research and development, production and sales of automobiles, electric vehicles and their accessories and supplies for outdoor leisure and entertainment with the function of short-distance transportation.

Zhejiang Taotao Vehicles Co (SZSE:301345) Headlines

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