Guangzhou Automobile Group Co (FRA:02G) ROCE % : 3.09% (As of Mar. 2024)

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What is Guangzhou Automobile Group 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. Guangzhou Automobile Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.09%.

Guangzhou Automobile Group Co ROCE % Historical Data

The historical data trend for Guangzhou Automobile Group 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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Guangzhou Automobile Group Co ROCE % Chart

Guangzhou Automobile Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.24

6.17

7.83

6.45

2.82

Guangzhou Automobile Group 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															3.72	3.66	4.56	-0.50	3.09

Guangzhou Automobile Group Co ROCE % Calculation

Guangzhou Automobile Group 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 )
	=	509.325	/	( ( (25704.067 - 7664.727)	+	(28047.951 - 9905.242) )	/ 2 )
	=	509.325	/	( (18039.34	+	18142.709)	/ 2 )
	=	509.325	/	18091.0245
	=	2.82 %

Guangzhou Automobile Group 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 )
	=	564.224	/	( ( (28047.951 - 9905.242)	+	(27142.173 - 8751.383) )	/ 2 )
	=	564.224	/	( ( 18142.709	+	18390.79 )	/ 2 )
	=	564.224	/	18266.7495
	=	3.09 %

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

Guangzhou Automobile Group Co (FRA:02G) 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.

Guangzhou Automobile Group Co ROCE % Related Terms

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Guangzhou Automobile Group Co (FRA:02G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangzhou Automobile Group Co Ltd (FRA:02G) » Definitions » ROCE %

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Traded in Other Exchanges

GNZUF:USA 02238:Hong Kong 02G:Germany 601238:China

Address

18 Whitfield Road, Room 808, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.gac.com.cn

Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China.

Guangzhou Automobile Group Co (FRA:02G) Headlines

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