Shanghai New Power Automotive Technology Co (SHSE:600841) ROCE % : -41.25% (As of Sep. 2024)

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What is Shanghai New Power Automotive Technology 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 New Power Automotive Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -41.25%.

Shanghai New Power Automotive Technology Co ROCE % Historical Data

The historical data trend for Shanghai New Power Automotive Technology 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 New Power Automotive Technology Co ROCE % Chart

Shanghai New Power Automotive Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.38

8.57

10.16

-14.00

-27.29

Shanghai New Power Automotive Technology 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															-5.39	-67.87	-15.87	-25.56	-41.25

Shanghai New Power Automotive Technology Co ROCE % Calculation

Shanghai New Power Automotive Technology 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 )
	=	-2293.893	/	( ( (22096.89 - 12099.459)	+	(18127.417 - 11311.088) )	/ 2 )
	=	-2293.893	/	( (9997.431	+	6816.329)	/ 2 )
	=	-2293.893	/	8406.88
	=	-27.29 %

Shanghai New Power Automotive Technology 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 )
	=	-2159.58	/	( ( (16608.751 - 10965.618)	+	(15140.471 - 10311.963) )	/ 2 )
	=	-2159.58	/	( ( 5643.133	+	4828.508 )	/ 2 )
	=	-2159.58	/	5235.8205
	=	-41.25 %

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

Shanghai New Power Automotive Technology Co (SHSE:600841) 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 New Power Automotive Technology Co ROCE % Related Terms

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Shanghai New Power Automotive Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Shanghai New Power Automotive Technology Co Ltd (SHSE:600841) » Definitions » ROCE %

Traded in Other Exchanges

900920:China

Address

No. 2636 Jungong Road, Shanghai, CHN, 200438

Website

http://www.sdec.com.cn

Shanghai New Power Automotive Technology Co Ltd formerly Shanghai Diesel Engine Co Ltd is engaged in research, development, and manufacture of engines, engine parts, and generator set in China. Its products include truck engine, construction machinery engine, bus engine, agricultural machinery engine, power generation engine, marine engine, and generator set. The company distributes its products within the domestic market and to overseas markets.

Executives

Shi Yi Meng	Supervisors
Qian Jun	Director
Wang Hong Bin	senior management
Sun Yu	Director
Jin Gang	senior management
Zhu Jian Kang	senior management
Lv Wei	senior management
Jiang Bao Xin	Director
Wang Xiao Qiu	Director

Shanghai New Power Automotive Technology Co Headlines

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