Farasis Energy (Gan Zhou) Co (SHSE:688567) ROCE % : -2.20% (As of Sep. 2024)

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What is Farasis Energy (Gan Zhou) 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. Farasis Energy (Gan Zhou) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.20%.

Farasis Energy (Gan Zhou) Co ROCE % Historical Data

The historical data trend for Farasis Energy (Gan Zhou) 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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Farasis Energy (Gan Zhou) Co ROCE % Chart

Farasis Energy (Gan Zhou) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.21

-3.79

-8.50

-7.04

-12.33

Farasis Energy (Gan Zhou) 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															-21.57	-4.22	-5.38	2.56	-2.20

Farasis Energy (Gan Zhou) Co ROCE % Calculation

Farasis Energy (Gan Zhou) 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 )
	=	-1825.474	/	( ( (32127.175 - 17177.363)	+	(30144.679 - 15473.763) )	/ 2 )
	=	-1825.474	/	( (14949.812	+	14670.916)	/ 2 )
	=	-1825.474	/	14810.364
	=	-12.33 %

Farasis Energy (Gan Zhou) 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 )
	=	-308.196	/	( ( (27186.39 - 12923.552)	+	(25140.863 - 11336.881) )	/ 2 )
	=	-308.196	/	( ( 14262.838	+	13803.982 )	/ 2 )
	=	-308.196	/	14033.41
	=	-2.20 %

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

Farasis Energy (Gan Zhou) Co (SHSE:688567) 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.

Farasis Energy (Gan Zhou) Co ROCE % Related Terms

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Farasis Energy (Gan Zhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Farasis Energy (Gan Zhou) Co Ltd (SHSE:688567) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West side of Caidie Road, north side of Jinling West Road, Ganzhou Economic and Technological Development Zone, Jiangxi Province, Nanjing, CHN, 341000

Website

http://www.farasisenergy.com.cn

Farasis Energy (Gan Zhou) Co Ltd is engaged in producing and selling lithium-ion power batteries and vehicle battery systems for new energy vehicles and provides overall solutions for power batteries for new energy vehicle manufacturers.

Executives

Li Pan Zhong	Core technical personnel
Wu Qiang	Core technical personnel
Liu Li Rong	Core technical personnel
Du Xin Chuan	Core technical personnel
Liang Jing Hong	Core technical personnel
Wang Wan Lin	Core technical personnel
Li Hui	Core technical personnel
	Core technical personnel
Chen Li	Director

Farasis Energy (Gan Zhou) Co Headlines

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