RAC Electric Vehicles (ROCO:2237) ROCE % : -26.88% (As of Jun. 2024)

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What is RAC 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. RAC Electric Vehicles's annualized ROCE % for the quarter that ended in Jun. 2024 was -26.88%.

RAC Electric Vehicles ROCE % Historical Data

The historical data trend for RAC 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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RAC Electric Vehicles ROCE % Chart

RAC Electric Vehicles Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-41.99

-32.58

-14.32

-13.97

-10.78

RAC Electric Vehicles Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-12.23	-15.89	-14.08	-8.37	-26.88

RAC Electric Vehicles ROCE % Calculation

RAC Electric Vehicles'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 )
	=	-141.775	/	( ( (2093.847 - 731.378)	+	(2527.642 - 1260.122) )	/ 2 )
	=	-141.775	/	( (1362.469	+	1267.52)	/ 2 )
	=	-141.775	/	1314.9945
	=	-10.78 %

RAC Electric Vehicles's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-379.9	/	( ( (2527.642 - 1260.122)	+	(2403.354 - 844.407) )	/ 2 )
	=	-379.9	/	( ( 1267.52	+	1558.947 )	/ 2 )
	=	-379.9	/	1413.2335
	=	-26.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

RAC Electric Vehicles (ROCO:2237) 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.

RAC Electric Vehicles ROCE % Related Terms

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RAC Electric Vehicles Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » RAC Electric Vehicles Inc (ROCO:2237) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing South Road, 4F-1, Number 268, Sec.2, Daan District, Taipei, TWN

Website

http://www.racev.com

RAC Electric Vehicles Inc is a Taiwan-licensed car manufacturer, to develop an all-electric low-floor city bus.

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