China Evergrande New Energy Vehicle Group (HKSE:00708) ROCE % : 0.00% (As of Dec. 2023)

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What is China Evergrande New Energy Vehicle Group 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. China Evergrande New Energy Vehicle Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

China Evergrande New Energy Vehicle Group ROCE % Historical Data

The historical data trend for China Evergrande New Energy Vehicle Group'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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China Evergrande New Energy Vehicle Group ROCE % Chart

China Evergrande New Energy Vehicle Group Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.04

-8.87

-173.40

China Evergrande New Energy Vehicle Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-531.04	-	-	-	-

China Evergrande New Energy Vehicle Group ROCE % Calculation

China Evergrande New Energy Vehicle Group'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 )
	=	-9877.53	/	( ( (128669.271 - 188097.923)	+	(38119.034 - 62804.026) )	/ 2 )
	=	-9877.53	/	( (-59428.652	+	-24684.992)	/ 2 )
	=	-9877.53	/	-42056.822
	=	23.49 %

China Evergrande New Energy Vehicle Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-9147.486	/	( ( (46870.965 - 65612.522)	+	(38119.034 - 62804.026) )	/ 2 )
	=	-9147.486	/	( ( -18741.557	+	-24684.992 )	/ 2 )
	=	-9147.486	/	-21713.2745
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Evergrande New Energy Vehicle Group (HKSE:00708) 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.

China Evergrande New Energy Vehicle Group ROCE % Related Terms

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China Evergrande New Energy Vehicle Group (HKSE:00708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Evergrande New Energy Vehicle Group Ltd (HKSE:00708) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EVGRF:USA 4NM1:Germany

Address

No. 78 Huangpu Avenue West, 28th Floor, Evergrande International Center, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.health.evergrande.com

China Evergrande New Energy Vehicle Group Ltd is engaged in the technology research and development, production, and sales of new energy vehicles. It is also involved in community health management, international hospitals, and the elderly care and rehabilitation business. The company's operating segments include Health Management and New Energy Vehicle. It generates most of its revenues from Health Management segment.

Executives

China Evergrande Group	2201 Interest of corporation controlled by you
Hui Ka Yan	2201 Interest of corporation controlled by you
Xin Xin (bvi) Limited	2201 Interest of corporation controlled by you
Muse Limited	2201 Interest of corporation controlled by you
Nwtn Inc.	2101 Beneficial owner
Wu Nan	2201 Interest of corporation controlled by you
Ding Yu Mei	2201 Interest of corporation controlled by you

China Evergrande New Energy Vehicle Group (HKSE:00708) Headlines

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