Changchun Engley Automobile Industry Co (SHSE:601279) ROCE % : 1.90% (As of Mar. 2024)

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What is Changchun Engley Automobile Industry 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. Changchun Engley Automobile Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.90%.

Changchun Engley Automobile Industry Co ROCE % Historical Data

The historical data trend for Changchun Engley Automobile Industry 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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Changchun Engley Automobile Industry Co ROCE % Chart

Changchun Engley Automobile Industry Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.11

7.57

5.72

2.31

3.09

Changchun Engley Automobile Industry Co Quarterly Data
	Dec18	Jun19	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															1.89	3.49	3.49	3.70	1.90

Changchun Engley Automobile Industry Co ROCE % Calculation

Changchun Engley Automobile Industry 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 )
	=	165.393	/	( ( (7929.952 - 2967.028)	+	(8428.156 - 2700.481) )	/ 2 )
	=	165.393	/	( (4962.924	+	5727.675)	/ 2 )
	=	165.393	/	5345.2995
	=	3.09 %

Changchun Engley Automobile Industry 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 )
	=	109.216	/	( ( (8428.156 - 2700.481)	+	(8327.529 - 2561.722) )	/ 2 )
	=	109.216	/	( ( 5727.675	+	5765.807 )	/ 2 )
	=	109.216	/	5746.741
	=	1.90 %

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

Changchun Engley Automobile Industry Co (SHSE:601279) 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.

Changchun Engley Automobile Industry Co ROCE % Related Terms

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Changchun Engley Automobile Industry Co (SHSE:601279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changchun Engley Automobile Industry Co Ltd (SHSE:601279) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 888, Shunda Road, High-tech Zone, Jilin Province, Changchun, CHN, 130021

Website

http://www.engley.com

Changchun Engley Automobile Industry Co Ltd is engaged in the design, research and development, manufacturing and sales of body structure components and anti-collision system components. The company's main products include metallic and Non-metallic products. The metallic parts are mainly Cross Car beams, bumps, thresholds, battery lower shells and other body stamping parts: Non-metallic products include front end modules, underbody coves, spare tire warehouses, EV battery upper shell, battery trays and wheel guards.

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