Contemporary Amperex Technology Co (SZSE:300750) ROCE % : 12.92% (As of Mar. 2024)

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What is Contemporary Amperex Technology 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. Contemporary Amperex Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.92%.

Contemporary Amperex Technology Co ROCE % Historical Data

The historical data trend for Contemporary Amperex Technology 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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Contemporary Amperex Technology Co ROCE % Chart

Contemporary Amperex Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.28

9.67

16.18

16.74

15.60

Contemporary Amperex Technology 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															15.51	15.79	13.13	17.32	12.92

Contemporary Amperex Technology Co ROCE % Calculation

Contemporary Amperex Technology 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 )
	=	57360.569	/	( ( (600952.352 - 295761.419)	+	(717168.041 - 287001.069) )	/ 2 )
	=	57360.569	/	( (305190.933	+	430166.972)	/ 2 )
	=	57360.569	/	367678.9525
	=	15.60 %

Contemporary Amperex Technology 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 )
	=	56994.348	/	( ( (717168.041 - 287001.069)	+	(731286.482 - 278962.39) )	/ 2 )
	=	56994.348	/	( ( 430166.972	+	452324.092 )	/ 2 )
	=	56994.348	/	441245.532
	=	12.92 %

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

Contemporary Amperex Technology Co (SZSE:300750) 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.

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Contemporary Amperex Technology Co (SZSE:300750) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 2, Xingang Road, Liwan Town, Jiaocheng District, Fujian Province, Ningde City, CHN, 352100

Website

http://www.catlbattery.com

CATL, headquartered in Ningde, Fujian Province, is a global leading Chinese battery manufacturer founded in 2011. The company specializes in the development and production of lithium-ion batteries for EVs and energy storage systems. CATL is the largest EV battery manufacturer in the world and leads the industry in innovative battery technology development for higher-energy density and safety, longer battery service life and super-fast charging. CATL is also involved in the manufacturing of cathode and other related battery materials. Through its subsidiary Brunp, it works with customers to create a closed-loop battery life cycle from production, application, to recycling.

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