Inner Mongolia Xingye Silver & Tin Mining Co (SZSE:000426) ROCE % : 26.69% (As of Sep. 2023)

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What is Inner Mongolia Xingye Silver & Tin Mining 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. Inner Mongolia Xingye Silver & Tin Mining Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 26.69%.

Inner Mongolia Xingye Silver & Tin Mining Co ROCE % Historical Data

The historical data trend for Inner Mongolia Xingye Silver & Tin Mining 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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Inner Mongolia Xingye Silver & Tin Mining Co ROCE % Chart

Inner Mongolia Xingye Silver & Tin Mining Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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4.09

4.44

-0.64

7.42

5.06

Inner Mongolia Xingye Silver & Tin Mining Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															10.46	-4.46	3.09	10.49	26.69

Inner Mongolia Xingye Silver & Tin Mining Co ROCE % Calculation

Inner Mongolia Xingye Silver & Tin Mining Co'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 )
	=	328.666	/	( ( (9053.628 - 2348.321)	+	(9623.982 - 3327.679) )	/ 2 )
	=	328.666	/	( (6705.307	+	6296.303)	/ 2 )
	=	328.666	/	6500.805
	=	5.06 %

Inner Mongolia Xingye Silver & Tin Mining Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2064.452	/	( ( (10856.184 - 3345.66)	+	(10668.501 - 2706.756) )	/ 2 )
	=	2064.452	/	( ( 7510.524	+	7961.745 )	/ 2 )
	=	2064.452	/	7736.1345
	=	26.69 %

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

Inner Mongolia Xingye Silver & Tin Mining Co (SZSE:000426) 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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Inner Mongolia Xingye Silver & Tin Mining Co (SZSE:000426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inner Mongolia Xingye Silver & Tin Mining Co Ltd (SZSE:000426) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 76 Yulong Street, Xincheng District, Inner Mongolia, Chifeng, CHN, 024000

Website

http://www.xyyxky.com

Inner Mongolia Xingye Silver & Tin Mining Co Ltd is a China-based company engages in the mining and smelting of non-ferrous and precious metals. Its products include lead, zinc, copper, iron, bismuth, tungsten, silver, tin, and other non-ferrous and black metals. Geographically the company mainly operates its business in the domestic market.

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