Feilong Auto Components Co (SZSE:002536) ROCE % : 15.41% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Feilong Auto Components 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. Feilong Auto Components Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.41%.

Feilong Auto Components Co ROCE % Historical Data

The historical data trend for Feilong Auto Components 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.

* Premium members only.

Feilong Auto Components Co ROCE % Chart

Feilong Auto Components Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.94

6.50

5.47

2.57

8.80

Feilong Auto Components 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															12.87	13.41	12.38	1.07	15.41

Feilong Auto Components Co ROCE % Calculation

Feilong Auto Components 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 )
	=	251.089	/	( ( (4391.518 - 1991.555)	+	(5061.034 - 1756.858) )	/ 2 )
	=	251.089	/	( (2399.963	+	3304.176)	/ 2 )
	=	251.089	/	2852.0695
	=	8.80 %

Feilong Auto Components 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 )
	=	518.06	/	( ( (5061.034 - 1756.858)	+	(5150.624 - 1730.861) )	/ 2 )
	=	518.06	/	( ( 3304.176	+	3419.763 )	/ 2 )
	=	518.06	/	3361.9695
	=	15.41 %

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

Feilong Auto Components Co (SZSE:002536) 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.

Feilong Auto Components Co ROCE % Related Terms

Thank you for viewing the detailed overview of Feilong Auto Components Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Feilong Auto Components Co (SZSE:002536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Feilong Auto Components Co Ltd (SZSE:002536) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Industrial Area, Donghuan Road, Henan Province, Xixia County, CHN, 474500

Website

http://www.xixia-waterpump.com

Feilong Auto Components Co Ltd through its subsidiaries is engaged in manufacturing and selling automobile parts in the People's Republic of China and internationally. It offers products such as Automobile water pumps under the Feilong brand; and Engine intake and Exhaust manifolds, Flywheel housings, Turbocharger, Die and gravity castings, Turbine housings, and Oil pumps, among other products.

Executives

Feng Zhang Hong	Executives
Bai Xiang Rong	Supervisors
Wang Rui Jin	Executives
Sun Yao Zhong	Directors, executives
Sun Yao Zhi	Director
Xi Guo Qin	Executives
Jiao Lei	Executives
Sun Ding Wen	Executives
Liang Zhong Hua	Directors, executives
Tang Guo Zhong	Executives
Wan Guo Min	Executives
Zhang Meng Xing	Executives
Xie Guo Lou	Securities Affairs Representative

Feilong Auto Components Co (SZSE:002536) Headlines

No Headlines