Shanxi Meijin Energy Co (SZSE:000723) ROCE % : -5.78% (As of Mar. 2025)

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What is Shanxi Meijin 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. Shanxi Meijin Energy Co's annualized ROCE % for the quarter that ended in Mar. 2025 was -5.78%.

Shanxi Meijin Energy Co ROCE % Historical Data

The historical data trend for Shanxi Meijin 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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Shanxi Meijin Energy Co ROCE % Chart

Shanxi Meijin Energy Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.36

28.17

17.23

3.28

-4.22

Shanxi Meijin Energy Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
ROCE %	Get a 7-Day Free Trial															-6.78	-5.96	3.23	-7.39	-5.78

Shanxi Meijin Energy Co ROCE % Calculation

Shanxi Meijin Energy Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-1057.379	/	( ( (42512.544 - 17700.772)	+	(45042.878 - 19750.401) )	/ 2 )
	=	-1057.379	/	( (24811.772	+	25292.477)	/ 2 )
	=	-1057.379	/	25052.1245
	=	-4.22 %

Shanxi Meijin Energy Co's ROCE % of for the quarter that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	-1461.268	/	( ( (45042.878 - 19750.401)	+	(45374.901 - 20084.453) )	/ 2 )
	=	-1461.268	/	( ( 25292.477	+	25290.448 )	/ 2 )
	=	-1461.268	/	25291.4625
	=	-5.78 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

Shanxi Meijin Energy Co (SZSE:000723) 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.

Shanxi Meijin Energy Co ROCE % Related Terms

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Shanxi Meijin Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shanxi Meijin Energy Co Ltd (SZSE:000723) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Jinsong North Road, 12th Floor, Harbor Center, Yingze District, Shanxi Province, Taiyuan, CHN, 030002

Website

http://www.mjenergy.cn

Shanxi Meijin Energy Co Ltd is engaged in Development and investment in coking plants, coal mines and coalbed methane, etc.

Executives

Zheng Cai Xia	Directors, executives
Li Yan Long	Executives
Zhao Jia	Secretary, Director
Yang Jun Qin	Supervisors
Zhou Xiao Hong	Executives
Zhu Qing Hua	Directors, Directors, and Executives
Liang Gang Ming	Director
Liu Xiang Qian	Director

Shanxi Meijin Energy Co Headlines

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