Aeolus Tyre Co (SHSE:600469) ROCE % : 5.01% (As of Sep. 2024)

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What is Aeolus Tyre 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. Aeolus Tyre Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.01%.

Aeolus Tyre Co ROCE % Historical Data

The historical data trend for Aeolus Tyre 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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Aeolus Tyre Co ROCE % Chart

Aeolus Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.22

9.75

-2.28

4.41

12.14

Aeolus Tyre Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															14.99	8.11	8.15	16.08	5.01

Aeolus Tyre Co ROCE % Calculation

Aeolus Tyre 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 )
	=	448.194	/	( ( (7221.976 - 4171.876)	+	(7194.594 - 2860.153) )	/ 2 )
	=	448.194	/	( (3050.1	+	4334.441)	/ 2 )
	=	448.194	/	3692.2705
	=	12.14 %

Aeolus Tyre Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	233.216	/	( ( (7265.629 - 2633.326)	+	(7477.889 - 2794.671) )	/ 2 )
	=	233.216	/	( ( 4632.303	+	4683.218 )	/ 2 )
	=	233.216	/	4657.7605
	=	5.01 %

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

Aeolus Tyre Co (SHSE:600469) 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.

Aeolus Tyre Co ROCE % Related Terms

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Aeolus Tyre Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aeolus Tyre Co Ltd (SHSE:600469) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 48, Jiaodong South Road, Jiaozuo, Henan, CHN, 454003

Website

http://www.aeolustyre.com

Aeolus Tyre Co Ltd is engaged in the manufacturing of tires. The company mainly produces more than 1,000 specifications and varieties of trucks and buses and off-road tires under multiple brands such as "Fengshen", "Fengli" and "Henan", and its products are sold well in more than 140 countries and regions around the world. The company has the design and production capabilities of a full range of trucks, buses, and off-road tires.

Executives

Shen Hong Liang

Director

Aeolus Tyre Co Headlines

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