China Aluminum International Engineering (FRA:4AI) ROCE % : 5.81% (As of Mar. 2024)

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What is China Aluminum International Engineering 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. China Aluminum International Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.81%.

China Aluminum International Engineering ROCE % Historical Data

The historical data trend for China Aluminum International Engineering'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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China Aluminum International Engineering ROCE % Chart

China Aluminum International Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.85

-5.12

-1.47

3.44

-16.08

China Aluminum International Engineering Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.65	-28.84	4.15	-53.61	5.81

China Aluminum International Engineering ROCE % Calculation

China Aluminum International Engineering'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 )
	=	-324.771	/	( ( (6417.123 - 4193.927)	+	(5258.322 - 3443.125) )	/ 2 )
	=	-324.771	/	( (2223.196	+	1815.197)	/ 2 )
	=	-324.771	/	2019.1965
	=	-16.08 %

China Aluminum International Engineering'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 )
	=	103.14	/	( ( (5258.322 - 3443.125)	+	(5216.796 - 3478.52) )	/ 2 )
	=	103.14	/	( ( 1815.197	+	1738.276 )	/ 2 )
	=	103.14	/	1776.7365
	=	5.81 %

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

China Aluminum International Engineering (FRA:4AI) 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.

China Aluminum International Engineering ROCE % Related Terms

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China Aluminum International Engineering (FRA:4AI) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Aluminum International Engineering Corp Ltd (FRA:4AI) » Definitions » ROCE %

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02068:Hong Kong 601068:China

Address

No. 99 Xingshikou Road, Building C, Haidian District, Beijing, CHN, 100093

Website

https://www.chalieco.com.cn

China Aluminum International Engineering Corp Ltd is a technology, engineering service, and equipment provider in the nonferrous metals industry in China, capable of providing a full range of integrated technology and engineering design and construction services for various businesses in the entire nonferrous metals industry chain. The company's businesses mainly include engineering survey, design and consultancy, engineering and construction contracting, equipment manufacturing, and equipment trading. The company earns its revenue from its operations in China.

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