Returns Are Gaining Momentum At China Automotive Systems (NASDAQ:CAAS) [Yahoo! Finance]
China Automotive Systems, Inc. (CAAS)
Last china automotive systems, inc. earnings: 11/12 06:00 am
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US:NASDAQ Investor Relations:
caasauto.com
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Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, China Automotive Systems NASDAQ:CAAS ) looks quite promising in regards to its trends of return on capital. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for China Automotive Systems: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.10 = US$41m ÷ (US$771m - US$364m) (Based on the trailing twelve months to March 2024) Thus, China Automotive Systems has an ROCE of 10%. That's a relatively normal return on capital, a
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CAAS
News
- China Automotive Systems, Inc. (NASDAQ: CAAS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- China Automotive Systems. Goes Unnoticed For Too Long [Seeking Alpha]Seeking Alpha
- China Automotive Systems, Inc. (NASDAQ: CAAS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
- China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024PR Newswire
CAAS
Sec Filings
- 5/14/24 - Form 8-K
- 5/14/24 - Form 10-Q
- CAAS's page on the SEC website