Changchai Co (SZSE:000570) ROCE % : 4.31% (As of Mar. 2024)

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What is Changchai 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. Changchai Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.31%.

Changchai Co ROCE % Historical Data

The historical data trend for Changchai 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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Changchai Co ROCE % Chart

Changchai Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.47

2.64

4.26

2.46

4.26

Changchai 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															3.99	11.87	3.45	-2.69	4.31

Changchai Co ROCE % Calculation

Changchai 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 )
	=	154.16	/	( ( (5219.36 - 1664.619)	+	(5159.395 - 1484.687) )	/ 2 )
	=	154.16	/	( (3554.741	+	3674.708)	/ 2 )
	=	154.16	/	3614.7245
	=	4.26 %

Changchai 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 )
	=	159.636	/	( ( (5159.395 - 1484.687)	+	(5310.016 - 1575.773) )	/ 2 )
	=	159.636	/	( ( 3674.708	+	3734.243 )	/ 2 )
	=	159.636	/	3704.4755
	=	4.31 %

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

Changchai Co (SZSE:000570) 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.

Changchai Co ROCE % Related Terms

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Changchai Co (SZSE:000570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changchai Co Ltd (SZSE:000570) » Definitions » ROCE %

Comparable Companies

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200570:China

Address

123 Huaide Middle Road, Jiangsu Province, Changzhou, CHN, 213002

Website

http://www.changchai.com.cn

Changchai Co Ltd is a China-based company engaged in the manufacture and distribution of diesel engines and related spare parts. The company specializes in the manufacture and sale of diesel engines, diesel engine fittings, and castings, gasoline engines, gasoline engine fittings, cereal harvesting machinery, rotovators, walking tractors, molds, and jigs as well as the assembly and sale of the diesel engine and gasoline engine supporting sets. It mainly manufactures and sells small and medium-sized single-cylinder and multi-cylinder diesel engines under the brand of Changchai, which are often used in tractors, combine-harvesters, light commercial vehicles, agriculture equipment, small-sized engineering machinery, generator sets, and ship machines.

Executives

Xu Qian	Director
Zhang Jun Yuan	Director
Wu Ke Yun	Supervisors
Lu Gang	Director
Lv Wei Min	Supervisors
Lu Zhong Gui	Supervisors

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