Aerosun (SHSE:600501) ROCE % : -13.18% (As of Mar. 2024)

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What is Aerosun 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. Aerosun's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.18%.

Aerosun ROCE % Historical Data

The historical data trend for Aerosun'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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Aerosun ROCE % Chart

Aerosun Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.24

4.47

4.51

4.89

4.15

Aerosun 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															-1.62	5.13	2.42	10.64	-13.18

Aerosun ROCE % Calculation

Aerosun'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 )
	=	105.016	/	( ( (6301.081 - 3774.242)	+	(5735.952 - 3203.556) )	/ 2 )
	=	105.016	/	( (2526.839	+	2532.396)	/ 2 )
	=	105.016	/	2529.6175
	=	4.15 %

Aerosun'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 )
	=	-329.46	/	( ( (5735.952 - 3203.556)	+	(5321.436 - 2853.519) )	/ 2 )
	=	-329.46	/	( ( 2532.396	+	2467.917 )	/ 2 )
	=	-329.46	/	2500.1565
	=	-13.18 %

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

Aerosun (SHSE:600501) 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.

Aerosun ROCE % Related Terms

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Aerosun (SHSE:600501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aerosun Corp (SHSE:600501) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 Tianyuan Middle Road, Jiangning Economic and Technology Development Zone, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.aerosun.cn

Aerosun Corp is mainly engaged in production and research of special-purpose vehicles in China. The major products of Aerosun include: special-purpose vehicles, reinforced thermal plastic pipes, pressure vessels and artistic statues.

Executives

Du Yao	senior management
Li Ying De	Director

Aerosun (SHSE:600501) Headlines

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