Shanxi Coking Coal Energy Group Co (SZSE:000983) ROCE %

: 13.37% (As of Sep. 2023)

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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 Coking Coal Energy Group Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.37%.

Shanxi Coking Coal Energy Group Co ROCE % Historical Data

The historical data trend for Shanxi Coking Coal Energy Group 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 Coking Coal Energy Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

10.98

10.17

9.13

22.92

30.55

Shanxi Coking Coal Energy Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %																36.92	25.63	25.32	19.63	13.37

Shanxi Coking Coal Energy Group Co ROCE % Calculation

Shanxi Coking Coal Energy Group 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 )
	=	19208.726	/	( ( (93499.008 - 34192.572)	+	(95737.794 - 29306.382) )	/ 2 )
	=	19208.726	/	( (59306.436	+	66431.412)	/ 2 )
	=	19208.726	/	62868.924
	=	30.55 %

Shanxi Coking Coal Energy Group 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 )
	=	9263.224	/	( ( (97664.156 - 28401.129)	+	(94478.945 - 25210.454) )	/ 2 )
	=	9263.224	/	( ( 69263.027	+	69268.491 )	/ 2 )
	=	9263.224	/	69265.759
	=	13.37 %

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

Shanxi Coking Coal Energy Group Co (SZSE:000983) 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 Coking Coal Energy Group Co ROCE % Related Terms

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Shanxi Coking Coal Energy Group Co (SZSE:000983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Coking Coal Energy Group Co Ltd (SZSE:000983) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No 318 West Mine Street, Xishan Building, Shanxi province, Taiyuan, CHN, 030053

Website

http://www.xsmd.com.cn

Shanxi Coking Coal Energy Group Co Ltd formerly Shanxi Xishan Coal And Electricity Power Co Ltd is a China-based company engaged in coal mining and processing, coal mining machine manufacturing, and electrical equipment repair. The business scope of the company includes coal sales, washing and processing; power generation; power procurement and sales; power facilities, transportation and maintenance; equipment cleaning, cleaning services, technology development, technology transfer, technical consulting, laboratory testing, mechanical and electrical repair, material processing, energy-saving renovation New energy management; mine development design and construction; mining and power equipment production and operation and coal mining.

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