Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) ROCE % : 13.82% (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Anhui Hengyuan Coal Industry And Electricity Power 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. Anhui Hengyuan Coal Industry And Electricity Power Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.82%.

Anhui Hengyuan Coal Industry And Electricity Power Co ROCE % Historical Data

The historical data trend for Anhui Hengyuan Coal Industry And Electricity Power 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.

* Premium members only.

Anhui Hengyuan Coal Industry And Electricity Power Co ROCE % Chart

Anhui Hengyuan Coal Industry And Electricity Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.05

9.39

14.50

22.28

15.23

Anhui Hengyuan Coal Industry And Electricity Power 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															19.46	17.36	17.23	9.21	13.82

Anhui Hengyuan Coal Industry And Electricity Power Co ROCE % Calculation

Anhui Hengyuan Coal Industry And Electricity Power 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 )
	=	2342.637	/	( ( (21935.188 - 6363.669)	+	(21263.422 - 6072.091) )	/ 2 )
	=	2342.637	/	( (15571.519	+	15191.331)	/ 2 )
	=	2342.637	/	15381.425
	=	15.23 %

Anhui Hengyuan Coal Industry And Electricity Power 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 )
	=	2133.668	/	( ( (21263.422 - 6072.091)	+	(21515.422 - 5835.691) )	/ 2 )
	=	2133.668	/	( ( 15191.331	+	15679.731 )	/ 2 )
	=	2133.668	/	15435.531
	=	13.82 %

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

Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) 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.

Anhui Hengyuan Coal Industry And Electricity Power Co ROCE % Related Terms

Thank you for viewing the detailed overview of Anhui Hengyuan Coal Industry And Electricity Power Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Anhui Hengyuan Coal Industry And Electricity Power Co Ltd (SHSE:600971) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Liuqiao Town, Tunxi County, Anhui Province, Huaibei, CHN, 235162

Website

http://www.ahhymd.com.cn

Anhui Hengyuan Coal Industry And Electricity Power Co Ltd is a China-based company engaged in mining, processing, washing, and sale of coal. It offers coal blending, washing coal, smelting clean coal products which are widely used in electric power, metallurgy, petrochemical, building materials, coking, blast furnace injection, civil and other fields. Geographically the company's products are sold well in East China and Jiangxi province.

Anhui Hengyuan Coal Industry And Electricity Power Co (SHSE:600971) Headlines

No Headlines