Zhejiang Huayou Cobalt Co (SHSE:603799) ROCE % : 6.12% (As of Mar. 2024)

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What is Zhejiang Huayou Cobalt 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. Zhejiang Huayou Cobalt Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.12%.

Zhejiang Huayou Cobalt Co ROCE % Historical Data

The historical data trend for Zhejiang Huayou Cobalt 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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Zhejiang Huayou Cobalt Co ROCE % Chart

Zhejiang Huayou Cobalt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.85

13.89

22.48

16.47

10.07

Zhejiang Huayou Cobalt 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															14.73	12.82	8.90	4.28	6.12

Zhejiang Huayou Cobalt Co ROCE % Calculation

Zhejiang Huayou Cobalt 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 )
	=	6734.874	/	( ( (110592.419 - 53450.321)	+	(125520.277 - 48866.955) )	/ 2 )
	=	6734.874	/	( (57142.098	+	76653.322)	/ 2 )
	=	6734.874	/	66897.71
	=	10.07 %

Zhejiang Huayou Cobalt 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 )
	=	4724.172	/	( ( (125520.277 - 48866.955)	+	(129157.238 - 51547.832) )	/ 2 )
	=	4724.172	/	( ( 76653.322	+	77609.406 )	/ 2 )
	=	4724.172	/	77131.364
	=	6.12 %

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

Zhejiang Huayou Cobalt Co (SHSE:603799) 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.

Zhejiang Huayou Cobalt Co ROCE % Related Terms

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Zhejiang Huayou Cobalt Co (SHSE:603799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhejiang Huayou Cobalt Co Ltd (SHSE:603799) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

18 Wu Zhendong Road, Tongxiang Economic Development Zone, Zhejiang, CHN

Website

http://www.huayou.com

Zhejiang Huayou Cobalt Co Ltd provides metal production and processing services. The company produces cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, cobalt monoxide, copper, nickel, and related products. The company serves customers and clients internationally.

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