SunCar Technology Group (SunCar Technology Group) ROCE % : 0.00% (As of Dec. 2023)

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What is SunCar Technology 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. SunCar Technology Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

SunCar Technology Group ROCE % Historical Data

The historical data trend for SunCar Technology 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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SunCar Technology Group ROCE % Chart

SunCar Technology Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

10.69

15.33

-12.11

-15.59

SunCar Technology Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			16.70	28.13	-72.11	11.57	-

SunCar Technology Group ROCE % Calculation

SunCar Technology 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 )
	=	-10.572	/	( ( (191.968 - 155.192)	+	(223.235 - 124.392) )	/ 2 )
	=	-10.572	/	( (36.776	+	98.843)	/ 2 )
	=	-10.572	/	67.8095
	=	-15.59 %

SunCar Technology 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 )
	=	0	/	( ( (224.019 - 125.973)	+	(223.235 - 124.392) )	/ 2 )
	=	0	/	( ( 98.046	+	98.843 )	/ 2 )
	=	0	/	98.4445
	=	0.00 %

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

SunCar Technology Group (NAS:SDA) 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.

SunCar Technology Group ROCE % Related Terms

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SunCar Technology Group (SunCar Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SunCar Technology Group Inc (NAS:SDA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Shanghai Feiyou Trading Co., Ltd., Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, CHN, 200072

Website

https://www.suncartech.com

SunCar Technology Group Inc is a provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China. It operates an automotive after-sales services business through offering customized service solutions to enterprise clients, who are major banks, insurance companies, telecommunication companies, new energy vehicle, original equipment manufacturers or any client who have end customers demanding automotive services.