Sinotruk Jinan Truck Co (SZSE:000951) ROCE % : 11.81% (As of Mar. 2024)

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What is Sinotruk Jinan Truck 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. Sinotruk Jinan Truck Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.81%.

Sinotruk Jinan Truck Co ROCE % Historical Data

The historical data trend for Sinotruk Jinan Truck 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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Sinotruk Jinan Truck Co ROCE % Chart

Sinotruk Jinan Truck Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.88

36.81

17.00

4.25

11.73

Sinotruk Jinan Truck 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															11.22	12.85	6.92	16.07	11.81

Sinotruk Jinan Truck Co ROCE % Calculation

Sinotruk Jinan Truck 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 )
	=	1825.464	/	( ( (34371.515 - 19344.758)	+	(37082.79 - 20980.66) )	/ 2 )
	=	1825.464	/	( (15026.757	+	16102.13)	/ 2 )
	=	1825.464	/	15564.4435
	=	11.73 %

Sinotruk Jinan Truck 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 )
	=	1923.848	/	( ( (37082.79 - 20980.66)	+	(40985.761 - 24516.1) )	/ 2 )
	=	1923.848	/	( ( 16102.13	+	16469.661 )	/ 2 )
	=	1923.848	/	16285.8955
	=	11.81 %

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

Sinotruk Jinan Truck Co (SZSE:000951) 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.

Sinotruk Jinan Truck Co ROCE % Related Terms

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Sinotruk Jinan Truck Co (SZSE:000951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk Jinan Truck Co Ltd (SZSE:000951) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

South Head of Dangjiazhuang Town, Shizhong District, Shandong Province, Jinan, CHN, 250116

Website

http://www.cnhtc.com.cn

Sinotruk Jinan Truck Co Ltd formerly known as Cnhtc Jinan Truck Co Ltd is a China-based company operates in the heavy-duty truck industry. The business activity of the group includes research, development, manufacture, and sale of a variety of truck which includes special vehicles, military vehicles, private cars as well as engines and special chassis. Geographically operates through China and its products are made available in both Chinese and international market.

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