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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. Smart Powerr's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.44%.
The historical data trend for Smart Powerr'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.
Smart Powerr Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | -9.66 | 5.94 | -8.07 | -3.03 | -0.19 |
Smart Powerr 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 | -11.07 | 0.09 | -0.28 | -0.14 | -0.44 |
Smart Powerr'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 ) | |||||
= | -0.215 | / | ( ( (139.136 - 24.384) | + | (136.47 - 23.873) ) | / 2 ) | |
= | -0.215 | / | ( (114.752 | + | 112.597) | / 2 ) | |
= | -0.215 | / | 113.6745 | ||||
= | -0.19 % |
Smart Powerr'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 ) | |||||
= | -0.488 | / | ( ( (134.727 - 23.266) | + | (136.47 - 23.873) ) | / 2 ) | |
= | -0.488 | / | ( ( 111.461 | + | 112.597 ) | / 2 ) | |
= | -0.488 | / | 112.029 | ||||
= | -0.44 % |
(1) Note: The EBIT data used here is four times the quarterly (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.
Smart Powerr (NAS:CREG) 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.
Thank you for viewing the detailed overview of Smart Powerr's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhongli Liu | director | 4F, TOWER C RONG CHENG YUN GU BUILDING, KEJI 3RD RD, YANTA DISTRICT, XI-AN CITY, SHAAN XI PROXINCE F4 710075 |
Guohua Ku | director, 10 percent owner, officer: President/Chairman/CTO | SHAANXI BLOWER GROUP, DAI WANG BAN, LINTONG DISTRICT, XI'AN, SHAANXI PROVINCE F4 710600 |
Xiaoping Guo | director | 12/F,TOWER A,CHANG AN INTERNATIONAL BLDG, NO. 88 NAN GUAN ZHENG JI, XI AN CITY F4 0000000 |
Binfeng Gu | officer: Chief Financial Officer | 12/F,TOWER A,CHAN AN INTERNATIONAL BLDG, NO. 88 NAN GUAN ZHENG JIE, XI AN CITY, SHAAN XI PROVINCE F4 0000000000 |
Lulu Sun | director | 12/F,TOWER A,CHANG AN INTERNATIONAL BLDG, NO. 88 NAN GUAN ZHENG JI, XI AN CITY F4 0000000 |
Yongjiang Shi | officer: CFO & Secretary & VP-Finance | 12F TOWER A CHANG AN INTL BLDG, NO 88 NAN GUAN ZHENG XIE, XI AN CITY SHAN XI PROVINCE F4 710068 |
Cangsang Huang | director | 6 YOUYI DONG LU,, HAN YUAN 4 LOU, XI'AN, SHAANXI PROVINCE F4 710054 |
Xiaoshan He | officer: Vice President | 12F TOWER A CHANG AN INTL BLDG, NO 88 NAN GUAN ZHENG XIE, XI AN CITY SHAN XI PROVINCE F4 710068 |
Bohan Zhang | officer: Vice President-Accounting | 12F TOWER A CHANG AN INTL BLDG, NO 88 NAN GUAN ZHENG XIE, XI AN CITY SHAN XI PROVINCE F4 710068 |
Geyun Wang | director | 12/F,TOWER A,CHANG AN INTERNATIONAL BLDG, NO. 88 NAN GUAN ZHENG JI, XI AN CITY F4 0000000 |
Carlyle Group Inc. | 10 percent owner | C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004 |
Carlyle Group Management L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Tc Group Cayman Investment Holdings Sub L.p. | 10 percent owner | C/O WALKER CORPORATE SERVICES LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9001 |
Carlyle Holdings Ii L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Carlyle Holdings Ii Gp L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
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