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Chijet Motor Co (Chijet Motor Co) ROCE % : -122.87% (As of Dec. 2023)


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What is Chijet 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. Chijet Motor Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -122.87%.

Chijet Motor Co ROCE % Historical Data

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

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROCE %
-5.36 -8.09 -32.15 -97.38

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % Get a 7-Day Free Trial -28.65 -19.98 -41.57 -77.55 -122.87

Chijet Motor Co ROCE % Calculation

Chijet Motor 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 )
=-83.682/( ( (653.612 - 493.14) + (536.451 - 525.054) )/ 2 )
=-83.682/( (160.472+11.397)/ 2 )
=-83.682/85.9345
=-97.38 %

Chijet Motor Co'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: Jun. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=-67.164/( ( (565.07 - 467.14) + (536.451 - 525.054) )/ 2 )
=-67.164/( ( 97.93 + 11.397 )/ 2 )
=-67.164/54.6635
=-122.87 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

* 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.

Chijet Motor Co  (NAS:CJET) 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.

Chijet Motor Co ROCE % Related Terms

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Chijet Motor Co (Chijet Motor Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » ROCE %
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.