IAT Automobile Technology Co (SZSE:300825) ROCE % : 2.97% (As of Mar. 2024)

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What is IAT Automobile Technology 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. IAT Automobile Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.97%.

IAT Automobile Technology Co ROCE % Historical Data

The historical data trend for IAT Automobile Technology 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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IAT Automobile Technology Co ROCE % Chart

IAT Automobile Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.50

8.08

9.14

3.54

2.42

IAT Automobile Technology 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															4.90	7.05	-5.21	3.01	2.97

IAT Automobile Technology Co ROCE % Calculation

IAT Automobile Technology 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 )
	=	70.237	/	( ( (3337.941 - 436.037)	+	(3393.893 - 501.879) )	/ 2 )
	=	70.237	/	( (2901.904	+	2892.014)	/ 2 )
	=	70.237	/	2896.959
	=	2.42 %

IAT Automobile Technology 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 )
	=	86.256	/	( ( (3393.893 - 501.879)	+	(3350.344 - 434.368) )	/ 2 )
	=	86.256	/	( ( 2892.014	+	2915.976 )	/ 2 )
	=	86.256	/	2903.995
	=	2.97 %

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

IAT Automobile Technology Co (SZSE:300825) 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.

IAT Automobile Technology Co ROCE % Related Terms

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IAT Automobile Technology Co (SZSE:300825) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IAT Automobile Technology Co Ltd (SZSE:300825) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8, Shuangyang Road, Yizhuang BDA Industrial Park, Daxing District, Beijing, CHN, 100076

Website

http://www.iat-auto.com

IAT Automobile Technology Co Ltd is engaged in automotive product planning, styling, vehicle / engine / transmission / components engineering design, CAE ,NVH optimization, the development of EV, electronic control technology, prototyping, SE, mold / fixture design and manufacturing, show car production, vehicle and component test evaluation and consulting, covering the development of the whole process of automotive design. The company's services include Vehicle Design and Development; CAE / NVH / Vehicle Test; Engine / Power Train Development; Prototype Hardware/Tools and Fixtures; Auto Electrical Appliance/Electronic System/Parts Development/Consulting Services; Show Car/Race Car /Modified Vehicles Making and Technical Consulting Services; among others.

Executives

Zhang Li Qiang	Directors, executives
Xuan Qi Wu	Director
Lin Ling	Directors, executives

IAT Automobile Technology Co (SZSE:300825) Headlines

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