Inner Mongolia First Machinery Group Co (SHSE:600967) ROCE % : 6.49% (As of Mar. 2024)

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What is Inner Mongolia First Machinery Group 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. Inner Mongolia First Machinery Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.49%.

Inner Mongolia First Machinery Group Co ROCE % Historical Data

The historical data trend for Inner Mongolia First Machinery Group 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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Inner Mongolia First Machinery Group Co ROCE % Chart

Inner Mongolia First Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.07

7.48

7.95

8.04

7.91

Inner Mongolia First Machinery Group 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															8.32	9.08	5.79	8.73	6.49

Inner Mongolia First Machinery Group Co ROCE % Calculation

Inner Mongolia First Machinery Group 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 )
	=	941.858	/	( ( (23277.081 - 11688.469)	+	(23742.116 - 11506.805) )	/ 2 )
	=	941.858	/	( (11588.612	+	12235.311)	/ 2 )
	=	941.858	/	11911.9615
	=	7.91 %

Inner Mongolia First Machinery Group 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 )
	=	799.476	/	( ( (23742.116 - 11506.805)	+	(22894.071 - 10479.428) )	/ 2 )
	=	799.476	/	( ( 12235.311	+	12414.643 )	/ 2 )
	=	799.476	/	12324.977
	=	6.49 %

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

Inner Mongolia First Machinery Group Co (SHSE:600967) 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.

Inner Mongolia First Machinery Group Co ROCE % Related Terms

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Inner Mongolia First Machinery Group Co (SHSE:600967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Inner Mongolia First Machinery Group Co Ltd (SHSE:600967) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Democratic Road, Inner Mongolia Autonomous Region, Qingshan District, Baotou, CHN, 014030

Website

http://www.bfcy.cc

Inner Mongolia First Machinery Group Co Ltd manufactures and distributes freight cars, gondola cars, tank cars, flatcars, boxcars, hopper cars, brake beams, bogies, and axles. The other business involves the research and development, sales, and manufacturing of railway trucks and parts, machinery equipment, and pressure vessels. The companies export region covers Asia, Africa, South America, and North America and other countries and regions.

Executives

Wang Yu	senior management
Wang Bao Ying	senior management
Wang Yong Le	Directors, senior managers
Wang Tong	Directors, senior managers
Li Jian Wei	senior management
Cao Fu Hui	senior management
Ding Li Sheng	Director
Wu Jie	Directors, senior managers
Wei Jin Zhong	Directors, senior managers
Li Quan Wen	Director
Jia Rui	senior management
Li Guo Hao	senior management

Inner Mongolia First Machinery Group Co (SHSE:600967) Headlines

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