FDG Electric Vehicles (FDG Electric Vehicles) ROCE % : -21.50% (As of Sep. 2019)

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What is FDG Electric Vehicles 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. FDG Electric Vehicles's annualized ROCE % for the quarter that ended in Sep. 2019 was -21.50%.

FDG Electric Vehicles ROCE % Historical Data

The historical data trend for FDG Electric Vehicles'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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FDG Electric Vehicles ROCE % Chart

FDG Electric Vehicles Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

ROCE %

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-14.77

-12.12

-6.30

-32.30

-50.90

FDG Electric Vehicles Semi-Annual Data
	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19
ROCE %	Get a 7-Day Free Trial															-15.10	-50.50	-24.92	-85.24	-21.50

FDG Electric Vehicles ROCE % Calculation

FDG Electric Vehicles's annualized ROCE % for the fiscal year that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	-304.507	/	( ( (1357.72 - 537.744)	+	(938.374 - 561.755) )	/ 2 )
	=	-304.507	/	( (819.976	+	376.619)	/ 2 )
	=	-304.507	/	598.2975
	=	-50.90 %

FDG Electric Vehicles's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Mar. 2019 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Mar. 2019 )		(Q: Sep. 2019 )
	=	-63.314	/	( ( (938.374 - 561.755)	+	(855.017 - 642.661) )	/ 2 )
	=	-63.314	/	( ( 376.619	+	212.356 )	/ 2 )
	=	-63.314	/	294.4875
	=	-21.50 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2019) EBIT data.

FDG Electric Vehicles (OTCPK:CAOHF) 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.

FDG Electric Vehicles ROCE % Related Terms

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FDG Electric Vehicles (FDG Electric Vehicles) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FDG Electric Vehicles Ltd (OTCPK:CAOHF) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Rooms 3001-3005, 30th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.fdgev.com

FDG Electric Vehicles Ltd is a Hong Kong-based investment holding company principally engaged in the production and distribution of new energy electric vehicles and their core components. The group is principally engaged in research and development, production and sale of lithium-ion batteries and related products. In addition, it is also engaged in vehicle design, manufacture and sale of electric vehicles, leasing of electric vehicles. The company derives the majority of its revenue from selling lithium-ion batteries in China.

FDG Electric Vehicles (FDG Electric Vehicles) Headlines

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