Eastern Pioneer Driving School Co (SHSE:603377) ROCE % : -3.81% (As of Sep. 2024)

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What is Eastern Pioneer Driving School 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. Eastern Pioneer Driving School Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.81%.

Eastern Pioneer Driving School Co ROCE % Historical Data

The historical data trend for Eastern Pioneer Driving School 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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Eastern Pioneer Driving School Co ROCE % Chart

Eastern Pioneer Driving School Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.69

8.87

8.12

1.45

-7.17

Eastern Pioneer Driving School 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															7.42	-43.54	-3.13	-2.97	-3.81

Eastern Pioneer Driving School Co ROCE % Calculation

Eastern Pioneer Driving School 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 )
	=	-235.838	/	( ( (5269.09 - 1745.568)	+	(4814.579 - 1755.855) )	/ 2 )
	=	-235.838	/	( (3523.522	+	3058.724)	/ 2 )
	=	-235.838	/	3291.123
	=	-7.17 %

Eastern Pioneer Driving School 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 )
	=	-104.396	/	( ( (4576.225 - 1794.746)	+	(4443.491 - 1744.552) )	/ 2 )
	=	-104.396	/	( ( 2781.479	+	2698.939 )	/ 2 )
	=	-104.396	/	2740.209
	=	-3.81 %

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

Eastern Pioneer Driving School Co (SHSE:603377) 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.

Eastern Pioneer Driving School Co ROCE % Related Terms

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Eastern Pioneer Driving School Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Eastern Pioneer Driving School Co Ltd (SHSE:603377) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, Jinxing West Road, Daxing District, Beijing, CHN, 102600

Website

http://www.dfss.com.cn

Eastern Pioneer Driving School Co Ltd is a China-based company engaged in providing training services for motor vehicle drivers. It also offers sparring service, car repair services, car insurance agents and other auto-related services and consumer products. In addition, the company carries out traffic safety publicity and education activities, focusing on cultivating traffic safety awareness.

Executives

Zuo Fei

Director

Eastern Pioneer Driving School Co Headlines

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