Pang Da Automobile Trade Co (SHSE:601258) ROCE % : -0.19% (As of Mar. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Pang Da Automobile Trade 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. Pang Da Automobile Trade Co's annualized ROCE % for the quarter that ended in Mar. 2023 was -0.19%.

Pang Da Automobile Trade Co ROCE % Historical Data

The historical data trend for Pang Da Automobile Trade 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.

* Premium members only.

Pang Da Automobile Trade Co ROCE % Chart

Pang Da Automobile Trade Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-34.42

16.67

5.77

7.67

-5.62

Pang Da Automobile Trade Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															0.28	6.35	-2.34	-27.23	-0.19

Pang Da Automobile Trade Co ROCE % Calculation

Pang Da Automobile Trade 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 )
	=	-938.068	/	( ( (23256.126 - 5294.302)	+	(22217.196 - 6791.864) )	/ 2 )
	=	-938.068	/	( (17961.824	+	15425.332)	/ 2 )
	=	-938.068	/	16693.578
	=	-5.62 %

Pang Da Automobile Trade Co's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-29.016	/	( ( (22217.196 - 6791.864)	+	(22296.14 - 6965.218) )	/ 2 )
	=	-29.016	/	( ( 15425.332	+	15330.922 )	/ 2 )
	=	-29.016	/	15378.127
	=	-0.19 %

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

Pang Da Automobile Trade Co (SHSE:601258) 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.

Pang Da Automobile Trade Co ROCE % Related Terms

Thank you for viewing the detailed overview of Pang Da Automobile Trade Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Pang Da Automobile Trade Co (SHSE:601258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pang Da Automobile Trade Co Ltd (SHSE:601258) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Side of Flyover, Luan County, Hebei Province, Tangshan, CHN, 063700

Website

http://www.pdqmjt.com

Pang Da Automobile Trade Co Ltd is an automobile marketing enterprise specializing in automobile sales service. The company sells various kinds of cars, including the passenger cars, commercial vehicles, and mini-cars. Geographically, the activities of the group are functioned through China.

Pang Da Automobile Trade Co (SHSE:601258) Headlines

No Headlines