Shanghai Baolong Automotive (SHSE:603197) ROCE % : 11.30% (As of Sep. 2024)

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What is Shanghai Baolong Automotive 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 Baolong Automotive's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.30%.

Shanghai Baolong Automotive ROCE % Historical Data

The historical data trend for Shanghai Baolong Automotive'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 Baolong Automotive ROCE % Chart

Shanghai Baolong Automotive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.18

10.90

15.07

10.05

12.22

Shanghai Baolong Automotive 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															15.84	6.87	9.11	9.62	11.30

Shanghai Baolong Automotive ROCE % Calculation

Shanghai Baolong Automotive'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 )
	=	568.616	/	( ( (6615.067 - 2716.46)	+	(8475.141 - 3070.94) )	/ 2 )
	=	568.616	/	( (3898.607	+	5404.201)	/ 2 )
	=	568.616	/	4651.404
	=	12.22 %

Shanghai Baolong Automotive'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 )
	=	630.7	/	( ( (9218.214 - 3626.359)	+	(9633.763 - 4062.373) )	/ 2 )
	=	630.7	/	( ( 5591.855	+	5571.39 )	/ 2 )
	=	630.7	/	5581.6225
	=	11.30 %

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

Shanghai Baolong Automotive (SHSE:603197) 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 Baolong Automotive ROCE % Related Terms

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Shanghai Baolong Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Baolong Automotive Corp (SHSE:603197) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

5500, Shenzhuan Road, Songjiang District, Shanghai, CHN, 201619

Website

http://www.baolong.biz

Shanghai Baolong Automotive Corp is a Chinese manufacturer of automotive parts and components. Its products include tire valves and accessories, wheel balancing weights, performance exhaust products, automotive pressure sensors, and hydro-forming automotive body parts, among others. The company sells its products in China and various other countries.

Executives

Yin Shu Fei	senior management
Wen Jian Feng	senior management
Chen Hong Quan	Directors, senior managers
Wang Sheng Quan	Directors, senior managers
Feng Mei Lai	senior management
Chen Xu Lin	Directors, senior managers
Chen Hong Ling	Director
Zhang Zu Qiu	Director
Lan Rui Lin	Supervisors
Huang Jun Lin	Supervisors
Yang Shou Wen	Supervisors

Shanghai Baolong Automotive Headlines

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