Qudian (Qudian) ROCE % : -3.32% (As of Sep. 2023)

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What is Qudian 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. Qudian's annualized ROCE % for the quarter that ended in Sep. 2023 was -3.32%.

Qudian ROCE % Historical Data

The historical data trend for Qudian'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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Qudian ROCE % Chart

Qudian Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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24.38

30.22

9.45

6.59

-1.97

Qudian Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-9.37	-1.20	-0.86	-2.94	-3.32

Qudian ROCE % Calculation

Qudian'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 )
	=	-38.181	/	( ( (2212.351 - 77.484)	+	(1828.311 - 83.901) )	/ 2 )
	=	-38.181	/	( (2134.867	+	1744.41)	/ 2 )
	=	-38.181	/	1939.6385
	=	-1.97 %

Qudian'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 )
	=	-55.94	/	( ( (1801.923 - 77.538)	+	(1734.039 - 89.692) )	/ 2 )
	=	-55.94	/	( ( 1724.385	+	1644.347 )	/ 2 )
	=	-55.94	/	1684.366
	=	-3.32 %

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

Qudian (NYSE:QD) 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.

Qudian ROCE % Related Terms

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Qudian (Qudian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Qudian Inc (NYSE:QD) » Definitions » ROCE %

Comparable Companies

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0A2T:UK 1QU:Germany

Address

Tower A, AVIC Zijin Plaza, Siming District, Fujian Province, Xiamen, CHN, 361000

Website

https://www.qudian.com

Qudian Inc is a consumer-oriented technology company engaged in the operation of online platforms to provide small consumer credit products in the People's Republic of China. The Group's cash credit products comprised short-term, unsecured lines of credit that could be drawn down at any time, subject to the Group's approval at the time of each drawdown request. Borrowers were typically charged financing service fees for cash credit drawdowns. It derives a majority of its revenue from the People's Republic of China.