Shanghai Daimay Automotive Interior Co (SHSE:603730) ROCE % : 16.66% (As of Mar. 2024)

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What is Shanghai Daimay Automotive Interior 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. Shanghai Daimay Automotive Interior Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.66%.

Shanghai Daimay Automotive Interior Co ROCE % Historical Data

The historical data trend for Shanghai Daimay Automotive Interior 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.

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Shanghai Daimay Automotive Interior Co ROCE % Chart

Shanghai Daimay Automotive Interior Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.23

11.73

11.01

13.73

16.57

Shanghai Daimay Automotive Interior 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															16.40	21.07	19.83	11.70	16.66

Shanghai Daimay Automotive Interior Co ROCE % Calculation

Shanghai Daimay Automotive Interior 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 )
	=	834.514	/	( ( (5818.302 - 1323.919)	+	(6925.187 - 1347.301) )	/ 2 )
	=	834.514	/	( (4494.383	+	5577.886)	/ 2 )
	=	834.514	/	5036.1345
	=	16.57 %

Shanghai Daimay Automotive Interior 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 )
	=	946.576	/	( ( (6925.187 - 1347.301)	+	(6810.137 - 1021.822) )	/ 2 )
	=	946.576	/	( ( 5577.886	+	5788.315 )	/ 2 )
	=	946.576	/	5683.1005
	=	16.66 %

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

Shanghai Daimay Automotive Interior Co (SHSE:603730) 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.

Shanghai Daimay Automotive Interior Co ROCE % Related Terms

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Shanghai Daimay Automotive Interior Co (SHSE:603730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Daimay Automotive Interior Co Ltd (SHSE:603730) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1299, lianxi Road, Beicai Industrial Park, Pudong New District, Shanghai, CHN, 201204

Website

http://www.daimay.com

Shanghai Daimay Automotive Interior Co Ltd is engaged in the production and sale of passenger car components. Its suite of products comprises of visors, steering wheels, headrests, consoles and others. It offers services to the foreign mainstream vehicle such as GM, Ford, Chrysler, Volkswagen, PSA, Mitsubishi Fuso, as well as Chinese (Domestic) automakers which include SAIC, FAW, Dongfeng, Chery and Great Wall.

Executives

Xiao Chuan Long	Director
Lu Bei Jun	Supervisors
Qiu Cai Bo	Supervisors
Jiang Yin Tai	Director
Ye Chun Lei	Director
Jiang Ming	Director
Li Xue Quan	Supervisors
Zhu Cai You	Director
Jiang Jie	Director

Shanghai Daimay Automotive Interior Co (SHSE:603730) Headlines

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