China Harmony Auto Holding (HKSE:03836) ROCE % : -11.25% (As of Dec. 2023)

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What is China Harmony Auto Holding 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 Harmony Auto Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.25%.

China Harmony Auto Holding ROCE % Historical Data

The historical data trend for China Harmony Auto Holding'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 Harmony Auto Holding ROCE % Chart

China Harmony Auto Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.43

9.59

12.53

-16.64

-0.68

China Harmony Auto Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.26	-17.92	-15.98	9.52	-11.25

China Harmony Auto Holding ROCE % Calculation

China Harmony Auto Holding'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 )
	=	-50.689	/	( ( (12063.374 - 4354.659)	+	(11851.276 - 4712.133) )	/ 2 )
	=	-50.689	/	( (7708.715	+	7139.143)	/ 2 )
	=	-50.689	/	7423.929
	=	-0.68 %

China Harmony Auto Holding'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 )
	=	-835.93	/	( ( (11606.666 - 3888.467)	+	(11851.276 - 4712.133) )	/ 2 )
	=	-835.93	/	( ( 7718.199	+	7139.143 )	/ 2 )
	=	-835.93	/	7428.671
	=	-11.25 %

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

China Harmony Auto Holding (HKSE:03836) 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 Harmony Auto Holding ROCE % Related Terms

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China Harmony Auto Holding (HKSE:03836) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Harmony Auto Holding Ltd (HKSE:03836) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HA5:Germany

Address

No. 16, Shangwuneihuan Road, 15A, Tower A, World Trade Center Building, CBD Zhengdong New District, Henan Province, Zhengzhou, CHN, 450000

Website

http://www.hexieauto.com

China Harmony Auto Holding Ltd is a China car dealer involved mainly in the business of high-end luxury and ultra-luxury vehicles. The company distributes luxury and ultra-luxury cars in China, including Rolls-Royce, Aston Martin, BMW, Lexus, Land Rover, Ferrari, and Maserati, through more than 70 dealerships dispersed across large and midsize cities such as Beijing, Shanghai, Xiamen, Guangzhou, and Wuhan.

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