Dongfeng Motor Group Co (Dongfeng Motor Group Co) ROCE % : 0.58% (As of Jun. 2023)

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What is Dongfeng Motor 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. Dongfeng Motor Group Co's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.58%.

Dongfeng Motor Group Co ROCE % Historical Data

The historical data trend for Dongfeng Motor 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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Dongfeng Motor Group Co ROCE % Chart

Dongfeng Motor Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.73

7.98

7.86

4.68

-2.79

Dongfeng Motor Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															3.01	6.06	3.77	0.58	-6.19

Dongfeng Motor Group Co ROCE % Calculation

Dongfeng Motor Group Co'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 )
	=	1333.104	/	( ( (50252.461 - 21945.897)	+	(47339.386 - 18656.712) )	/ 2 )
	=	1333.104	/	( (28306.564	+	28682.674)	/ 2 )
	=	1333.104	/	28494.619
	=	4.68 %

Dongfeng Motor Group Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	165.052	/	( ( (47339.386 - 18656.712)	+	(44224.733 - 15747.48) )	/ 2 )
	=	165.052	/	( ( 28682.674	+	28477.253 )	/ 2 )
	=	165.052	/	28579.9635
	=	0.58 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Dongfeng Motor Group Co (OTCPK:DNFGF) 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.

Dongfeng Motor Group Co ROCE % Related Terms

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Dongfeng Motor Group Co (Dongfeng Motor Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dongfeng Motor Group Co Ltd (OTCPK:DNFGF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DNFGY:USA 00489:Hong Kong D4D:Germany D4D:Germany

Address

Special No. 1 Dongfeng Road, Wuhan Economic and Technology Development Zone, Hubei, Wuhan, CHN, 430056

Website

https://www.dfmg.com.cn

Dongfeng Motor Group Co Ltd is engaged in vehicle manufacturing, covering other complete business systems relating to automobiles such as R&D of automobiles, parts and equipment manufacturing, automobile finance, automobile sales, and travel business. The company's segments include commercial vehicles, passenger vehicles, financing services, and corporate and others. The majority of its revenue is generated from the Passenger vehicles segment.

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