Zotye Automobile Co (SZSE:000980) ROCE % : -14.84% (As of Mar. 2024)

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What is Zotye Automobile 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. Zotye Automobile Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -14.84%.

Zotye Automobile Co ROCE % Historical Data

The historical data trend for Zotye Automobile 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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Zotye Automobile Co ROCE % Chart

Zotye Automobile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-92.05

-575.56

-73.78

-17.27

-24.06

Zotye Automobile 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															-16.63	-7.96	-15.58	-56.74	-14.84

Zotye Automobile Co ROCE % Calculation

Zotye Automobile 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 )
	=	-861.986	/	( ( (7141.49 - 2930.059)	+	(6179.196 - 3226.772) )	/ 2 )
	=	-861.986	/	( (4211.431	+	2952.424)	/ 2 )
	=	-861.986	/	3581.9275
	=	-24.06 %

Zotye Automobile 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 )
	=	-429.844	/	( ( (6179.196 - 3226.772)	+	(6081.536 - 3240.425) )	/ 2 )
	=	-429.844	/	( ( 2952.424	+	2841.111 )	/ 2 )
	=	-429.844	/	2896.7675
	=	-14.84 %

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

Zotye Automobile Co (SZSE:000980) 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.

Zotye Automobile Co ROCE % Related Terms

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Zotye Automobile Co (SZSE:000980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zotye Automobile Co Ltd (SZSE:000980) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yongkang Economic Development Zone, Zhejiang, CHN, 321301

Website

http://www.zotye.com

Zotye Automobile Co Ltd is a China-based auto vehicle manufacturing company. The company is engaged in the business of research and development, manufacturing and sales of complete vehicles as the core business. The company owns automotive brands such as Zotye, Jiangnan, and Junma. The products of the company cover market segments such as cars, SUVs, MPVs, and new energy vehicles. It manufactures and distributes automobile instruments, security doors, and other automobile parts. The organization sells its vehicles in China and also exports it to other international countries.

Executives

Wang Lei	Executives
Xu Zi Jie	Supervisors
Wang Yu Mei	Executives
Fang Mao Jun	Executives
Yang Hai Feng	Secretary Dong
Yan Gen Shui	Directors, executives
Yu Bin	Directors, executives

Zotye Automobile Co (SZSE:000980) Headlines

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