Shanghai Aerospace Automobile Electromechanical Co (SHSE:600151) ROCE % : -0.50% (As of Dec. 2024)

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What is Shanghai Aerospace Automobile Electromechanical 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. Shanghai Aerospace Automobile Electromechanical Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.50%.

Shanghai Aerospace Automobile Electromechanical Co ROCE % Historical Data

The historical data trend for Shanghai Aerospace Automobile Electromechanical 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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Shanghai Aerospace Automobile Electromechanical Co ROCE % Chart

Shanghai Aerospace Automobile Electromechanical Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.49

1.94

-0.63

-3.25

0.06

Shanghai Aerospace Automobile Electromechanical Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-17.37	-1.73	2.56	-0.08	-0.50

Shanghai Aerospace Automobile Electromechanical Co ROCE % Calculation

Shanghai Aerospace Automobile Electromechanical Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	4.017	/	( ( (10909.369 - 4137.949)	+	(8284.391 - 1829.971) )	/ 2 )
	=	4.017	/	( (6771.42	+	6454.42)	/ 2 )
	=	4.017	/	6612.92
	=	0.06 %

Shanghai Aerospace Automobile Electromechanical Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-32.616	/	( ( (8684.107 - 2082.979)	+	(8284.391 - 1829.971) )	/ 2 )
	=	-32.616	/	( ( 6601.128	+	6454.42 )	/ 2 )
	=	-32.616	/	6527.774
	=	-0.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Shanghai Aerospace Automobile Electromechanical Co (SHSE:600151) 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.

Shanghai Aerospace Automobile Electromechanical Co ROCE % Related Terms

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Shanghai Aerospace Automobile Electromechanical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Aerospace Automobile Electromechanical Co Ltd (SHSE:600151) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 222 Caoxi Road, Aerospace Plaza, South Building, 8F, Shanghai, CHN, 200235

Website

http://www.ht-saae.com

Shanghai Aerospace Automobile Electromechanical Co Ltd manufactures and sells solar products in China and internationally. It manufactures ingots, wafers, cells, solar modules, and solar systems. It also provides various auto parts, such as HVAC assembly products, air conditioning systems, serpentine and parallel flow condensers, serpentine heating cores, aluminum brazing heating cores and air-conditioner pipelines among other products.

Executives

Qu Jian Hua	senior management
Zhou Qi Min	Supervisors

Shanghai Aerospace Automobile Electromechanical Co Headlines

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