Bohai Automotive Systems Co (SHSE:600960) ROCE % : -3.81% (As of Sep. 2024)

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What is Bohai 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. Bohai Automotive Systems Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.81%.

Bohai Automotive Systems Co ROCE % Historical Data

The historical data trend for Bohai 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.

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Bohai Automotive Systems Co ROCE % Chart

Bohai Automotive Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.17

2.12

-0.10

0.14

-2.29

Bohai Automotive Systems 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															-2.40	-5.95	-1.97	-3.48	-3.81

Bohai Automotive Systems Co ROCE % Calculation

Bohai 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 )
	=	-119.291	/	( ( (7390.169 - 1923.529)	+	(7588.82 - 2644.699) )	/ 2 )
	=	-119.291	/	( (5466.64	+	4944.121)	/ 2 )
	=	-119.291	/	5205.3805
	=	-2.29 %

Bohai Automotive Systems 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 )
	=	-196.18	/	( ( (7984.015 - 2808.307)	+	(7991.076 - 2875.531) )	/ 2 )
	=	-196.18	/	( ( 5175.708	+	5115.545 )	/ 2 )
	=	-196.18	/	5145.6265
	=	-3.81 %

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

Bohai Automotive Systems Co (SHSE:600960) 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.

Bohai Automotive Systems Co ROCE % Related Terms

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Bohai Automotive Systems Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bohai Automotive Systems Co Ltd (SHSE:600960) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 569, Erhai 21st Road, Shandong Province, Binzhou, CHN, 256602

Website

http://www.bhpiston.com

Bohai Automotive Systems Co Ltd is engaged in the manufacture and sale of pistons.

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