Brilliance China Automotive Holdings (FRA:CBA) ROCE % : 16.15% (As of Dec. 2023)

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What is Brilliance China Automotive Holdings 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. Brilliance China Automotive Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.15%.

Brilliance China Automotive Holdings ROCE % Historical Data

The historical data trend for Brilliance China Automotive Holdings'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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Brilliance China Automotive Holdings ROCE % Chart

Brilliance China Automotive Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.96

-2.00

29.40

15.11

15.43

Brilliance China Automotive Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															15.42	14.54	15.64	14.93	16.15

Brilliance China Automotive Holdings ROCE % Calculation

Brilliance China Automotive Holdings'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 )
	=	1061.398	/	( ( (7505.015 - 421.677)	+	(7083.385 - 408.229) )	/ 2 )
	=	1061.398	/	( (7083.338	+	6675.156)	/ 2 )
	=	1061.398	/	6879.247
	=	15.43 %

Brilliance China Automotive Holdings'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 )
	=	1089.29	/	( ( (7282.869 - 469.767)	+	(7083.385 - 408.229) )	/ 2 )
	=	1089.29	/	( ( 6813.102	+	6675.156 )	/ 2 )
	=	1089.29	/	6744.129
	=	16.15 %

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

Brilliance China Automotive Holdings (FRA:CBA) 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.

Brilliance China Automotive Holdings ROCE % Related Terms

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Brilliance China Automotive Holdings (FRA:CBA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Brilliance China Automotive Holdings Ltd (FRA:CBA) » Definitions » ROCE %

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BCAUF:USA 01114:Hong Kong

Address

8 Connaught Road Central, Suites 1602-05, Chater House, Hong Kong, HKG

Website

http://www.brillianceauto.com/main.html

Based in Liaoning, China, Brilliance China Automotive is a provincial state-owned enterprise that manufactures passenger vehicles, minibuses, and automotive components. Almost all of Brilliance's operating profits come from the passenger vehicle joint venture with BMW. Brilliance also operates a minibus business through a 51%-owned joint venture with Renault.

Brilliance China Automotive Holdings (FRA:CBA) Headlines

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