AVIC Industry-Finance Holdings Co (SHSE:600705) ROCE % : 5.80% (As of Sep. 2024)

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What is AVIC Industry-Finance Holdings 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. AVIC Industry-Finance Holdings Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.80%.

AVIC Industry-Finance Holdings Co ROCE % Historical Data

The historical data trend for AVIC Industry-Finance Holdings 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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AVIC Industry-Finance Holdings Co ROCE % Chart

AVIC Industry-Finance Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.75

5.47

5.62

3.02

2.14

AVIC Industry-Finance Holdings 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															5.46	-3.60	3.88	1.15	5.80

AVIC Industry-Finance Holdings Co ROCE % Calculation

AVIC Industry-Finance Holdings 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 )
	=	3741.749	/	( ( (488618.375 - 317957.511)	+	(506500.751 - 328236.809) )	/ 2 )
	=	3741.749	/	( (170660.864	+	178263.942)	/ 2 )
	=	3741.749	/	174462.403
	=	2.14 %

AVIC Industry-Finance Holdings 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 )
	=	10135.248	/	( ( (449920.913 - 274563.583)	+	(442393.44 - 268421.698) )	/ 2 )
	=	10135.248	/	( ( 175357.33	+	173971.742 )	/ 2 )
	=	10135.248	/	174664.536
	=	5.80 %

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

AVIC Industry-Finance Holdings Co (SHSE:600705) 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.

AVIC Industry-Finance Holdings Co ROCE % Related Terms

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AVIC Industry-Finance Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AVIC Industry-Finance Holdings Co Ltd (SHSE:600705) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

AVIC Capital Building, Building 2, Wangjing East Park 4th District, Chaoyang District, Beijing, CHN, 100103

Website

https://www.avicindustry-finance.com

AVIC Industry-Finance Holdings Co Ltd is a China-based financial services company. The company is engaged in aviation finance, leasing, investment banking and other financial products.

Executives

Zheng Qiang	Director
Zhang Yu An	senior management
Meng Xiang Tai	Director
Chen Jie	Director
Wang Xiao Feng	Director
Guo Bai Chun	senior management
Liu Ji Peng	Director
Wen Guan Yin	Supervisors
Liu Zhi Wei	senior management
Yang Sheng Jun	senior management
Liu Hong	senior management
Yu Hong Bo	Supervisors

AVIC Industry-Finance Holdings Co Headlines

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