Guangzhou Tongda Auto Electric Co (SHSE:603390) ROCE % : 3.02% (As of Mar. 2024)

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What is Guangzhou Tongda Auto Electric 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. Guangzhou Tongda Auto Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.02%.

Guangzhou Tongda Auto Electric Co ROCE % Historical Data

The historical data trend for Guangzhou Tongda Auto Electric 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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Guangzhou Tongda Auto Electric Co ROCE % Chart

Guangzhou Tongda Auto Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.01

2.05

-1.25

-6.24

1.52

Guangzhou Tongda Auto Electric Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.33	0.46	-2.00	5.29	3.02

Guangzhou Tongda Auto Electric Co ROCE % Calculation

Guangzhou Tongda Auto Electric 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 )
	=	24.135	/	( ( (1853.487 - 278.449)	+	(1823.784 - 219.275) )	/ 2 )
	=	24.135	/	( (1575.038	+	1604.509)	/ 2 )
	=	24.135	/	1589.7735
	=	1.52 %

Guangzhou Tongda Auto Electric 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 )
	=	48.64	/	( ( (1823.784 - 219.275)	+	(1805.706 - 189.838) )	/ 2 )
	=	48.64	/	( ( 1604.509	+	1615.868 )	/ 2 )
	=	48.64	/	1610.1885
	=	3.02 %

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

Guangzhou Tongda Auto Electric Co (SHSE:603390) 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.

Guangzhou Tongda Auto Electric Co ROCE % Related Terms

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Guangzhou Tongda Auto Electric Co (SHSE:603390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangzhou Tongda Auto Electric Co Ltd (SHSE:603390) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1633 Beitai Road, Kesheng Road, Guangzhou Private Science and Technology Park, Room 605-3, Supporting Service Building No. 8, Baiyun District, Guangdong, Guangzhou, CHN, 510540

Website

http://www.tongda.cc

Guangzhou Tongda Auto Electric Co Ltd is a China based company specializes in the integrated information management system of vehicle intelligent terminals and the research, development, production and sales of automotive electrical products. The company mainly provides car intelligent system series products, bus multimedia information release system series products, car component series products, new energy automobile motor and thermal management system series products.

Executives

Lin Zhi	Supervisors
Mao Xiang Bo	Directors, senior managers
Fu Hua Bo	Supervisors
Lao Zhong Jian	Director

Guangzhou Tongda Auto Electric Co (SHSE:603390) Headlines

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