CBAK Energy Technology (LTS:0A98) ROCE % : 3.84% (As of Dec. 2023)

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What is CBAK Energy Technology 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. CBAK Energy Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.84%.

CBAK Energy Technology ROCE % Historical Data

The historical data trend for CBAK Energy Technology'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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CBAK Energy Technology ROCE % Chart

CBAK Energy Technology Annual Data

Trend

Sep14

Sep15

Sep16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-26.59

-12.21

-10.70

-3.63

-0.14

CBAK Energy Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.31	-8.78	-12.03	17.21	3.84

CBAK Energy Technology ROCE % Calculation

CBAK Energy Technology'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 )
	=	-0.182	/	( ( (244.033 - 111.934)	+	(281.155 - 160.496) )	/ 2 )
	=	-0.182	/	( (132.099	+	120.659)	/ 2 )
	=	-0.182	/	126.379
	=	-0.14 %

CBAK Energy Technology'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4.732	/	( ( (286.841 - 161.332)	+	(281.155 - 160.496) )	/ 2 )
	=	4.732	/	( ( 125.509	+	120.659 )	/ 2 )
	=	4.732	/	123.084
	=	3.84 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CBAK Energy Technology (LTS:0A98) 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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CBAK Energy Technology (LTS:0A98) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CBAK Energy Technology Inc (LTS:0A98) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CBAT:USA B6JA:Germany

Address

CBAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Liaoning Province, Dalian, CHN, 116450

Website

https://www.cbak.com.cn

CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium-ion high-power rechargeable batteries which are mainly used in electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply, and other high power applications. The company manufactures five types of Li-ion rechargeable batteries namely aluminum-case cells, battery packs, cylindrical cells, lithium polymer cells, and high-power lithium battery cells. Geographically, it generates a majority of its revenue from Mainland China and also has an operation in Europe, the United States, Korea, and Other Countries.

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