Senmiao Technology (Senmiao Technology) ROCE % : -51.03% (As of Dec. 2023)

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What is Senmiao Technology 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. Senmiao Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -51.03%.

Senmiao Technology ROCE % Historical Data

The historical data trend for Senmiao Technology'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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Senmiao Technology ROCE % Chart

Senmiao Technology Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-10.26

-58.91

-148.09

-57.60

-33.08

Senmiao Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-35.46	-75.01	-19.02	-62.48	-51.03

Senmiao Technology ROCE % Calculation

Senmiao Technology's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-3.765	/	( ( (19.878 - 6.166)	+	(14.239 - 5.185) )	/ 2 )
	=	-3.765	/	( (13.712	+	9.054)	/ 2 )
	=	-3.765	/	11.383
	=	-33.08 %

Senmiao Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.516	/	( ( (12.659 - 5.597)	+	(12.135 - 5.418) )	/ 2 )
	=	-3.516	/	( ( 7.062	+	6.717 )	/ 2 )
	=	-3.516	/	6.8895
	=	-51.03 %

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

Senmiao Technology (NAS:AIHS) 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.

Senmiao Technology ROCE % Related Terms

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Senmiao Technology (Senmiao Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Senmiao Technology Ltd (NAS:AIHS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Middle Jiannan Boulevard, 16th Floor, Shihao Square, High-Tech Zone, Sichuan, Chengdu, CHN, 610000

Website

http://www.senmiaotech.com

Senmiao Technology Ltd is a holding company. The company's operating segment includes Automobile Transaction and Related Services and Online ride-hailing platform Services. It generates maximum revenue from the Automobile Transaction and Related Services segment. Geographically, it derives revenue from China.

Executives

Xiaoyuan Zhang	officer: CFO & Treasurer	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE, CHENGDU, SICHUAN F4 610000
Haitao Liu	officer: Chief Operating Officer	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Chunhai Li	officer: Chief Technology Officer	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Trent D Davis	director	811 SW NAITO PARKWAY, SUITE 200, PORTLAND OR 97204
Xiaojuan Lin	director	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Xi Wen	director, officer: See Remarks	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Jie Gao	director	16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD., HIGH-TECH ZONE, CHENGDU, SICHUAN F4 610000
Sichun Wang	director	16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD., HIGH-TECH ZONE, CHENGDU, SICHUAN F4 610000
Rong Zhu	officer: Chief Financial Officer	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Yulei Rao	director	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Xiang Hu	director, 10 percent owner	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000
Xi Chen	officer: Chief Executive Officer	16F SHIHAO SQUARE MIDDLE JIANNAN BLVD, HIGH TECH ZONE CHENGDU, SICHUAN F4 610000