Jiangsu Xinri E-Vehicle Co (SHSE:603787) ROCE % : 6.23% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Jiangsu Xinri E-Vehicle 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. Jiangsu Xinri E-Vehicle Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.23%.

Jiangsu Xinri E-Vehicle Co ROCE % Historical Data

The historical data trend for Jiangsu Xinri E-Vehicle 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.

Jiangsu Xinri E-Vehicle Co ROCE % Chart

Jiangsu Xinri E-Vehicle Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.03

10.32

0.92

16.45

6.86

Jiangsu Xinri E-Vehicle 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															15.19	0.79	16.52	-4.51	6.23

Jiangsu Xinri E-Vehicle Co ROCE % Calculation

Jiangsu Xinri E-Vehicle 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 )
	=	94.105	/	( ( (3316.985 - 2142.572)	+	(3603.342 - 2033.172) )	/ 2 )
	=	94.105	/	( (1174.413	+	1570.17)	/ 2 )
	=	94.105	/	1372.2915
	=	6.86 %

Jiangsu Xinri E-Vehicle 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 )
	=	98.592	/	( ( (3603.342 - 2033.172)	+	(3480.283 - 1886.15) )	/ 2 )
	=	98.592	/	( ( 1570.17	+	1594.133 )	/ 2 )
	=	98.592	/	1582.1515
	=	6.23 %

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

Jiangsu Xinri E-Vehicle Co (SHSE:603787) 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.

Jiangsu Xinri E-Vehicle Co ROCE % Related Terms

Thank you for viewing the detailed overview of Jiangsu Xinri E-Vehicle Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Xinri E-Vehicle Co (SHSE:603787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Xinri E-Vehicle Co Ltd (SHSE:603787) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 501, Xishan Avenue, Xishan District, Jiangsu Province, Wuxi, CHN, 214106

Website

http://www.xinri.com

Jiangsu Xinri E-Vehicle Co Ltd mainly is engaged in the research, development, production, and sales of green transportation in China. Its main products include other non-motor vehicles, electric bicycles, electric sightseeing cars, electric tricycles and so on.

Jiangsu Xinri E-Vehicle Co (SHSE:603787) Headlines

No Headlines