China Vanadium Titano-Magnetite Mining Co (HKSE:00893) ROCE % : 2.13% (As of Dec. 2023)

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What is China Vanadium Titano-Magnetite Mining 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. China Vanadium Titano-Magnetite Mining Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.13%.

China Vanadium Titano-Magnetite Mining Co ROCE % Historical Data

The historical data trend for China Vanadium Titano-Magnetite Mining 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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China Vanadium Titano-Magnetite Mining Co ROCE % Chart

China Vanadium Titano-Magnetite Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.86

1.48

1.14

1.10

2.19

China Vanadium Titano-Magnetite Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															1.80	-1.02	3.40	2.17	2.13

China Vanadium Titano-Magnetite Mining Co ROCE % Calculation

China Vanadium Titano-Magnetite Mining 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 )
	=	24.539	/	( ( (1338.483 - 259.001)	+	(1429.934 - 264.292) )	/ 2 )
	=	24.539	/	( (1079.482	+	1165.642)	/ 2 )
	=	24.539	/	1122.562
	=	2.19 %

China Vanadium Titano-Magnetite Mining Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	24.752	/	( ( (1406.962 - 247.29)	+	(1429.934 - 264.292) )	/ 2 )
	=	24.752	/	( ( 1159.672	+	1165.642 )	/ 2 )
	=	24.752	/	1162.657
	=	2.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Vanadium Titano-Magnetite Mining Co (HKSE:00893) 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 Vanadium Titano-Magnetite Mining Co ROCE % Related Terms

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China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (HKSE:00893) » Definitions » ROCE %

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CV8S:Germany

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

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