Ningbo Shenglong Automotive Powertrain System Co (SHSE:603178) ROCE % : -3.35% (As of Sep. 2024)

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What is Ningbo Shenglong Automotive Powertrain System 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. Ningbo Shenglong Automotive Powertrain System Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.35%.

Ningbo Shenglong Automotive Powertrain System Co ROCE % Historical Data

The historical data trend for Ningbo Shenglong Automotive Powertrain System 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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Ningbo Shenglong Automotive Powertrain System Co ROCE % Chart

Ningbo Shenglong Automotive Powertrain System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.52

10.48

11.26

6.17

4.28

Ningbo Shenglong Automotive Powertrain System 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															2.78	5.67	0.82	6.37	-3.35

Ningbo Shenglong Automotive Powertrain System Co ROCE % Calculation

Ningbo Shenglong Automotive Powertrain System 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 )
	=	58.523	/	( ( (2072.324 - 722.806)	+	(2148.773 - 762.698) )	/ 2 )
	=	58.523	/	( (1349.518	+	1386.075)	/ 2 )
	=	58.523	/	1367.7965
	=	4.28 %

Ningbo Shenglong Automotive Powertrain System 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 )
	=	-48.192	/	( ( (2209.021 - 766.225)	+	(2325.796 - 888.811) )	/ 2 )
	=	-48.192	/	( ( 1442.796	+	1436.985 )	/ 2 )
	=	-48.192	/	1439.8905
	=	-3.35 %

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

Ningbo Shenglong Automotive Powertrain System Co (SHSE:603178) 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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Ningbo Shenglong Automotive Powertrain System Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Shenglong Automotive Powertrain System Co Ltd (SHSE:603178) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 88, Jinda Road, Yinzhou District Industrial Park, Zhejiang Province, Ningbo City, CHN, 315104

Website

http://slpt.sheng-long.com

Ningbo Shenglong Automotive Powertrain System Co Ltd is an auto manufacturing company.

Executives

Zhang Wen Chang	Director
Zhang Yong	senior management
Qian Yi	senior management
Wang You Fu	Supervisors

Ningbo Shenglong Automotive Powertrain System Co Headlines

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