Shandong Humon Smelting Co (SZSE:002237) ROCE % : 5.73% (As of Mar. 2024)

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What is Shandong Humon Smelting 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. Shandong Humon Smelting Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.73%.

Shandong Humon Smelting Co ROCE % Historical Data

The historical data trend for Shandong Humon Smelting 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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Shandong Humon Smelting Co ROCE % Chart

Shandong Humon Smelting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.60

11.27

9.67

9.03

6.43

Shandong Humon Smelting 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															7.66	7.75	5.55	4.70	5.73

Shandong Humon Smelting Co ROCE % Calculation

Shandong Humon Smelting 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 )
	=	859.67	/	( ( (19876.576 - 8431.8)	+	(21901 - 6620.189) )	/ 2 )
	=	859.67	/	( (11444.776	+	15280.811)	/ 2 )
	=	859.67	/	13362.7935
	=	6.43 %

Shandong Humon Smelting 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 )
	=	894.052	/	( ( (21901 - 6620.189)	+	(24107.499 - 8198.13) )	/ 2 )
	=	894.052	/	( ( 15280.811	+	15909.369 )	/ 2 )
	=	894.052	/	15595.09
	=	5.73 %

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

Shandong Humon Smelting Co (SZSE:002237) 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.

Shandong Humon Smelting Co ROCE % Related Terms

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Shandong Humon Smelting Co (SZSE:002237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Humon Smelting Co Ltd (SZSE:002237) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shuidao Town, Muping District, Shandong Province, Yantai, CHN, 264109

Website

http://www.hbyl.cn

Shandong Humon Smelting Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold and the manufacturing of chemical products. The main products are vitriol, gold, silver, sulfuric acid, cathode copper, electrolytic copper and ammonium phosphate, and electrolytic lead.

Executives

Zhang Jun Feng	Executives
Wang Xin En	Secretary, Director
Zhan Shu Ping	Independent director
Jiang Lan Ying	Supervisors
Wang Na	Supervisors
Zhang Yan Han	Supervisors
Gao Zheng Lin	Director
Zhang Ji Xue	Director
Wang Jia Hao	Director
Kong Tao	Supervisors
Xu Jing Xi	Director

Shandong Humon Smelting Co (SZSE:002237) Headlines

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