Loncin Motor Co (SHSE:603766) ROCE % : 13.87% (As of Sep. 2023)

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What is Loncin Motor 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. Loncin Motor Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.87%.

Loncin Motor Co ROCE % Historical Data

The historical data trend for Loncin Motor 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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Loncin Motor Co ROCE % Chart

Loncin Motor Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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15.71

10.03

7.22

6.34

7.15

Loncin Motor Co 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															11.56	-13.89	10.07	15.71	13.87

Loncin Motor Co ROCE % Calculation

Loncin Motor 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 )
	=	606.262	/	( ( (13217.712 - 4979.473)	+	(12585.414 - 3874.175) )	/ 2 )
	=	606.262	/	( (8238.239	+	8711.239)	/ 2 )
	=	606.262	/	8474.739
	=	7.15 %

Loncin Motor Co'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 )
	=	1271.168	/	( ( (13490.368 - 4436.328)	+	(13840.777 - 4560.272) )	/ 2 )
	=	1271.168	/	( ( 9054.04	+	9280.505 )	/ 2 )
	=	1271.168	/	9167.2725
	=	13.87 %

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

Loncin Motor Co (SHSE:603766) 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.

Loncin Motor Co ROCE % Related Terms

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Loncin Motor Co (SHSE:603766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Loncin Motor Co Ltd (SHSE:603766) » Definitions » ROCE %

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Address

No.116 Juye Road, C Area of Jiulong Industrial Park, Jiulongpo District, Chongqing, CHN, 400052

Website

http://www.loncinindustries.com

Loncin Motor Co Ltd is a China-based company engaged in manufacturing recreational vehicles, light-duty power units, engines and engine parts, and farm machinery. It is also involved in the development and incubation of burgeoning businesses with core technology of internal combustion engine as the platform.

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