BAIC Motor (BAIC Motor) ROCE % : 30.45% (As of Sep. 2023)

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What is BAIC Motor 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. BAIC Motor's annualized ROCE % for the quarter that ended in Sep. 2023 was 30.45%.

BAIC Motor ROCE % Historical Data

The historical data trend for BAIC Motor'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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BAIC Motor ROCE % Chart

BAIC Motor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.38

24.75

27.14

26.54

22.80

BAIC Motor Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															34.01	23.71	-	30.45	5.55

BAIC Motor ROCE % Calculation

BAIC Motor's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3641.532	/	( ( (28393.132 - 14440.849)	+	(24868.46 - 11381.341) )	/ 2 )
	=	3641.532	/	( (13952.283	+	13487.119)	/ 2 )
	=	3641.532	/	13719.701
	=	26.54 %

BAIC Motor'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	4020.64	/	( ( (24446.074 - 11509.069)	+	(23494.293 - 10027.055) )	/ 2 )
	=	4020.64	/	( ( 12937.005	+	13467.238 )	/ 2 )
	=	4020.64	/	13202.1215
	=	30.45 %

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

BAIC Motor (OTCPK:BCCMY) 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.

BAIC Motor ROCE % Related Terms

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BAIC Motor (BAIC Motor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC Motor Corp Ltd (OTCPK:BCCMY) » Definitions » ROCE %

Comparable Companies

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BMCLF:USA 01958:Hong Kong 2B5:Germany

Address

No. 99 Shuanghe Street, A5-061, Unit 101, 5th Floor, Building No 1, Courtyard, Shunyi District, Beijing, CHN, 101300

Website

http://www.baicmotor.com

BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of BAIC's revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand.

BAIC Motor (BAIC Motor) Headlines

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