Autohome (Autohome) ROCE % : 2.50% (As of Sep. 2023)

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What is Autohome 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. Autohome's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.50%.

Autohome ROCE % Historical Data

The historical data trend for Autohome'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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Autohome ROCE % Chart

Autohome Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.97

18.68

8.20

4.76

4.37

Autohome Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.07	4.14	5.18	2.50	5.67

Autohome ROCE % Calculation

Autohome's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	178.941	/	( ( (4458.8 - 625.849)	+	(4262.349 - 582.164) )	/ 2 )
	=	178.941	/	( (3832.951	+	3680.185)	/ 2 )
	=	178.941	/	3756.568
	=	4.76 %

Autohome's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	91.004	/	( ( (4276.715 - 618.267)	+	(4182.168 - 548.546) )	/ 2 )
	=	91.004	/	( ( 3658.448	+	3633.622 )	/ 2 )
	=	91.004	/	3646.035
	=	2.50 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Autohome (NYSE:ATHM) 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.

Autohome ROCE % Related Terms

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Autohome (Autohome) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Autohome Inc (NYSE:ATHM) » Definitions » ROCE %

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Traded in Other Exchanges

02518:Hong Kong 8AHB:Germany 8AHB:Germany A1TH34:Brazil

Address

3 Dan Ling Street, 18th Floor, Tower B, CEC Plaza, Haidian District, Beijing, CHN, 100080

Website

https://ir.autohome.com.cn

Founded in 2008 as a media content platform, Autohome is the leading online automobile platform in China, ranking first among automotive service platforms in terms of mobile daily active users, according to QuestMobile. Through its two websites, autohome.com.cn and che168.com, Autohome delivers comprehensive, independent and interactive content and tools to automobile consumers as well as a full suite of services to automakers and dealers. According to iResearch, the company was the largest online automotive advertising and lead generation service provider with 30% market share, in terms of media services and lead generation revenue, in China's online auto platform media advertising market in 2019.