Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) ROCE % : 10.48% (As of Mar. 2024)

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What is Shanghai Automobile Air-Conditioner Accessories 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 Automobile Air-Conditioner Accessories Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.48%.

Shanghai Automobile Air-Conditioner Accessories Co ROCE % Historical Data

The historical data trend for Shanghai Automobile Air-Conditioner Accessories 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 Automobile Air-Conditioner Accessories Co ROCE % Chart

Shanghai Automobile Air-Conditioner Accessories Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.52

21.10

14.45

17.61

12.12

Shanghai Automobile Air-Conditioner Accessories Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									20.30	17.63	23.16	9.65	10.48

Shanghai Automobile Air-Conditioner Accessories Co ROCE % Calculation

Shanghai Automobile Air-Conditioner Accessories 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 )
	=	186.536	/	( ( (1593.055 - 685.462)	+	(2829.765 - 658.009) )	/ 2 )
	=	186.536	/	( (907.593	+	2171.756)	/ 2 )
	=	186.536	/	1539.6745
	=	12.12 %

Shanghai Automobile Air-Conditioner Accessories 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 )
	=	229.964	/	( ( (2829.765 - 658.009)	+	(2767.46 - 552.416) )	/ 2 )
	=	229.964	/	( ( 2171.756	+	2215.044 )	/ 2 )
	=	229.964	/	2193.4
	=	10.48 %

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

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) 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.

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Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Automobile Air-Conditioner Accessories Co Ltd (SHSE:603107) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 1188, Lianxi Road, Pudong New Area, Shanghai, CHN, 201204

Website

Shanghai Automobile Air-Conditioner Accessories Co Ltd is engaged in research & development, production and sales of automobile parts such as air conditioning pipes and fuel distribution pipes.

Shanghai Automobile Air-Conditioner Accessories Co (SHSE:603107) Headlines

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