Huizhou Desay SV Automotive Co (SZSE:002920) ROCE % : 23.05% (As of Sep. 2024)

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What is Huizhou Desay SV Automotive 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. Huizhou Desay SV Automotive Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.05%.

Huizhou Desay SV Automotive Co ROCE % Historical Data

The historical data trend for Huizhou Desay SV Automotive 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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Huizhou Desay SV Automotive Co ROCE % Chart

Huizhou Desay SV Automotive Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.71

11.14

15.95

17.47

18.59

Huizhou Desay SV Automotive 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															17.09	24.71	19.40	19.74	23.05

Huizhou Desay SV Automotive Co ROCE % Calculation

Huizhou Desay SV Automotive 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 )
	=	1570.913	/	( ( (13756.028 - 6150.968)	+	(18014.087 - 8722.676) )	/ 2 )
	=	1570.913	/	( (7605.06	+	9291.411)	/ 2 )
	=	1570.913	/	8448.2355
	=	18.59 %

Huizhou Desay SV Automotive 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 )
	=	2242.2	/	( ( (17236.416 - 7668.423)	+	(19319.287 - 9436.212) )	/ 2 )
	=	2242.2	/	( ( 9567.993	+	9883.075 )	/ 2 )
	=	2242.2	/	9725.534
	=	23.05 %

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

Huizhou Desay SV Automotive Co (SZSE:002920) 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.

Huizhou Desay SV Automotive Co ROCE % Related Terms

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Huizhou Desay SV Automotive Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huizhou Desay SV Automotive Co Ltd (SZSE:002920) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

103, Hechang 5th Road West, Zhongkai National Hi-tech Industrial Development Zone, Guangdong, Huizhou, CHN, 516006

Website

http://www.desaysv.com

Huizhou Desay SV Automotive Co Ltd is engaged in R&D, design, production and sales of automotive electronic products.

Executives

Jiang Jie	Director
Duan Yong Zheng	Executives
Li Bing Bing	Director
Ling Jian Hui	Supervisors

Huizhou Desay SV Automotive Co Headlines

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