China Qinfa Group (HKSE:00866) ROCE % : 29.64% (As of Jun. 2023)

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What is China Qinfa Group 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 Qinfa Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 29.64%.

China Qinfa Group ROCE % Historical Data

The historical data trend for China Qinfa Group'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 Qinfa Group ROCE % Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.75

-199.08

250.46

38.94

24.34

China Qinfa Group 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															391.66	35.84	30.84	29.64	23.88

China Qinfa Group ROCE % Calculation

China Qinfa Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1157.661	/	( ( (9669.022 - 5609.191)	+	(8766.804 - 6880.005) )	/ 2 )
	=	1157.661	/	( (4059.831	+	1886.799)	/ 2 )
	=	1157.661	/	2973.315
	=	38.94 %

China Qinfa Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	580.842	/	( ( (8766.804 - 6880.005)	+	(8750.866 - 6718.279) )	/ 2 )
	=	580.842	/	( ( 1886.799	+	2032.587 )	/ 2 )
	=	580.842	/	1959.693
	=	29.64 %

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

China Qinfa Group (HKSE:00866) 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 Qinfa Group ROCE % Related Terms

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China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

China Qinfa Group (HKSE:00866) Headlines

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