EZGO Technologies (EZGO Technologies) ROCE % : -7.45% (As of Sep. 2023)

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What is EZGO Technologies 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. EZGO Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -7.45%.

EZGO Technologies ROCE % Historical Data

The historical data trend for EZGO Technologies'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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EZGO Technologies ROCE % Chart

EZGO Technologies Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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8.19

3.65

-16.97

-19.56

-9.18

EZGO Technologies Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial						-24.66	-15.28	-25.46	-11.50	-7.45

EZGO Technologies ROCE % Calculation

EZGO Technologies's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-4.792	/	( ( (47.508 - 13.968)	+	(81.908 - 11.039) )	/ 2 )
	=	-4.792	/	( (33.54	+	70.869)	/ 2 )
	=	-4.792	/	52.2045
	=	-9.18 %

EZGO Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-4.61	/	( ( (67.951 - 15.003)	+	(81.908 - 11.039) )	/ 2 )
	=	-4.61	/	( ( 52.948	+	70.869 )	/ 2 )
	=	-4.61	/	61.9085
	=	-7.45 %

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

EZGO Technologies (NAS:EZGO) 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.

EZGO Technologies ROCE % Related Terms

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EZGO Technologies (EZGO Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EZGO Technologies Ltd (NAS:EZGO) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164

Website

https://www.ezgotech.com.cn

EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs and the E-bicycle sales segment. The company generates maximum revenue from the E-bicycle segment.