Zhejiang Leapmotor Technology Co (HKSE:09863) ROCE % : -32.88% (As of Dec. 2023)

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What is Zhejiang Leapmotor Technology 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. Zhejiang Leapmotor Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -32.88%.

Zhejiang Leapmotor Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Leapmotor Technology 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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Zhejiang Leapmotor Technology Co ROCE % Chart

Zhejiang Leapmotor Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-45.77

-73.98

-61.70

-53.39

-33.53

Zhejiang Leapmotor Technology Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-56.81	-52.74	-47.48	-32.88

Zhejiang Leapmotor Technology Co ROCE % Calculation

Zhejiang Leapmotor Technology 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 )
	=	-4532.598	/	( ( (21516.689 - 10337.86)	+	(31121.747 - 15262.267) )	/ 2 )
	=	-4532.598	/	( (11178.829	+	15859.48)	/ 2 )
	=	-4532.598	/	13519.1545
	=	-33.53 %

Zhejiang Leapmotor Technology 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 )
	=	-4163.382	/	( ( (19607.804 - 10140.85)	+	(31121.747 - 15262.267) )	/ 2 )
	=	-4163.382	/	( ( 9466.954	+	15859.48 )	/ 2 )
	=	-4163.382	/	12663.217
	=	-32.88 %

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

Zhejiang Leapmotor Technology Co (HKSE:09863) 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.

Zhejiang Leapmotor Technology Co ROCE % Related Terms

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Zhejiang Leapmotor Technology Co (HKSE:09863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Leapmotor Technology Co Ltd (HKSE:09863) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 451 Wulianwang Street, 1st Floor, Binjiang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.leapmotor.com

Zhejiang Leapmotor Technology Co Ltd is principally engaged in the production, research and development and sales of new energy vehicles in the PRC.

Executives

Chen Ailing	2202 Interest of your spouse
Fu Liquan	2201 Interest of corporation controlled by you
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Guo Xin Zheng Quan Gu Fen You Xian Gong Si	2501 Other
Ning Bo Hua Ling Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Stellantis N.v.	2101 Beneficial owner
Chen Ailing	2103 Interests held jointly with another person
Fu Liquan	2103 Interests held jointly with another person
Liu Yunzhen	2202 Interest of your spouse
Zhu Jiangming	2103 Interests held jointly with another person
Fu Yiqin	2201 Interest of corporation controlled by you
Hang Zhou Guo Shun Ling Pao Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner

Zhejiang Leapmotor Technology Co (HKSE:09863) Headlines

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