Huayu Automotive Systems Co (SHSE:600741) ROCE % : 9.69% (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Huayu Automotive Systems 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. Huayu Automotive Systems Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.69%.

Huayu Automotive Systems Co ROCE % Historical Data

The historical data trend for Huayu Automotive Systems 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.

* Premium members only.

Huayu Automotive Systems Co ROCE % Chart

Huayu Automotive Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.63

12.09

14.01

14.55

13.15

Huayu Automotive Systems Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.75	10.36	14.49	15.65	9.69

Huayu Automotive Systems Co ROCE % Calculation

Huayu Automotive Systems 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 )
	=	9147.044	/	( ( (162796.939 - 95719.024)	+	(176096.527 - 104097.164) )	/ 2 )
	=	9147.044	/	( (67077.915	+	71999.363)	/ 2 )
	=	9147.044	/	69538.639
	=	13.15 %

Huayu Automotive Systems Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	7023.352	/	( ( (176096.527 - 104097.164)	+	(174585.577 - 101601.458) )	/ 2 )
	=	7023.352	/	( ( 71999.363	+	72984.119 )	/ 2 )
	=	7023.352	/	72491.741
	=	9.69 %

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

Huayu Automotive Systems Co (SHSE:600741) 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.

Huayu Automotive Systems Co ROCE % Related Terms

Thank you for viewing the detailed overview of Huayu Automotive Systems Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Huayu Automotive Systems Co (SHSE:600741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huayu Automotive Systems Co Ltd (SHSE:600741) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

489, WeiHai Road, Shanghai, CHN, 200041

Website

http://www.huayu-auto.com

Huayu Automotive Systems Co Ltd is a China-based company engaged in the business of manufacturing and marketing of automotive components. The company is focused on the research and development, production, and marketing of automotive components. The organization operates in the business segments of Metal forming and dies which includes press machine dies, door panels, and others; Interior and exterior trimming which includes dashboard, airbag, seat assembly, etc; Electric and electronics parts including motor, roof window, smart key and others; Function parts such as exhaust system, spring, braking system; Hot-worked parts like piston, cylinder head; and New energy vehicle such as driving motor, power steering and other parts.

Huayu Automotive Systems Co (SHSE:600741) Headlines

No Headlines