Ningbo PIA Automation Holding (SHSE:688306) ROCE % : -4.45% (As of Mar. 2024)

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What is Ningbo PIA Automation Holding 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 PIA Automation Holding's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.45%.

Ningbo PIA Automation Holding ROCE % Historical Data

The historical data trend for Ningbo PIA Automation Holding'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 PIA Automation Holding ROCE % Chart

Ningbo PIA Automation Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.34

-1.99

6.01

4.52

-8.29

Ningbo PIA Automation Holding Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-6.75	5.02	-6.63	-25.80	-4.45

Ningbo PIA Automation Holding ROCE % Calculation

Ningbo PIA Automation Holding'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 )
	=	-216.478	/	( ( (4807.718 - 2252.598)	+	(5155.728 - 2491.119) )	/ 2 )
	=	-216.478	/	( (2555.12	+	2664.609)	/ 2 )
	=	-216.478	/	2609.8645
	=	-8.29 %

Ningbo PIA Automation Holding'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 )
	=	-117.952	/	( ( (5155.728 - 2491.119)	+	(5033.147 - 2392.07) )	/ 2 )
	=	-117.952	/	( ( 2664.609	+	2641.077 )	/ 2 )
	=	-117.952	/	2652.843
	=	-4.45 %

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

Ningbo PIA Automation Holding (SHSE:688306) 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.

Ningbo PIA Automation Holding ROCE % Related Terms

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Ningbo PIA Automation Holding (SHSE:688306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo PIA Automation Holding Corp (SHSE:688306) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 99, Qingyi Road, Building 4, High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.piagroup.com.cn

Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.

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