Shan Xi Hua Yang Group New Energy Co (SHSE:600348) ROCE % : 13.92% (As of Dec. 2023)

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What is Shan Xi Hua Yang Group New Energy 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. Shan Xi Hua Yang Group New Energy Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.92%.

Shan Xi Hua Yang Group New Energy Co ROCE % Historical Data

The historical data trend for Shan Xi Hua Yang Group New Energy 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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Shan Xi Hua Yang Group New Energy Co ROCE % Chart

Shan Xi Hua Yang Group New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.30

7.70

20.92

29.10

18.73

Shan Xi Hua Yang Group New Energy Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															32.36	22.54	17.15	16.45	13.92

Shan Xi Hua Yang Group New Energy Co ROCE % Calculation

Shan Xi Hua Yang Group New Energy 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 )
	=	8472.482	/	( ( (69899.912 - 25115.954)	+	(71571.043 - 25907.761) )	/ 2 )
	=	8472.482	/	( (44783.958	+	45663.282)	/ 2 )
	=	8472.482	/	45223.62
	=	18.73 %

Shan Xi Hua Yang Group New Energy 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	6632.924	/	( ( (70304.279 - 20664.509)	+	(71571.043 - 25907.761) )	/ 2 )
	=	6632.924	/	( ( 49639.77	+	45663.282 )	/ 2 )
	=	6632.924	/	47651.526
	=	13.92 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Shan Xi Hua Yang Group New Energy Co (SHSE:600348) 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.

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Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shan Xi Hua Yang Group New Energy Co Ltd (SHSE:600348) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2, Taobei West Street, Mining District, Shanxi Province, Yangquan, CHN, 045000

Website

https://www.ymjt.com.cn

Shan Xi Hua Yang Group New Energy Co Ltd, formerly Yang Quan Coal Industry (Group) Co Ltd is mainly engaged in coal mining, processing, and distribution as well as power generation and heat supply. The company has about 1.8 billion tons of recoverable coal reserves. In 2010, Yangquan produced 26.21 million tons of coal and distributed 45.38 million tons of coal.

Shan Xi Hua Yang Group New Energy Co (SHSE:600348) Headlines

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