Yankuang Energy Group Co (Yankuang Energy Group Co) ROCE % : 17.53% (As of Dec. 2023)

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What is Yankuang Energy Group 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. Yankuang Energy Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.53%.

Yankuang Energy Group Co ROCE % Historical Data

The historical data trend for Yankuang 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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Yankuang Energy Group Co ROCE % Chart

Yankuang Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.55

8.26

16.98

29.79

17.18

Yankuang Energy Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.33	17.87	15.84	24.14	17.53

Yankuang Energy Group Co ROCE % Calculation

Yankuang Energy Group 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 )
	=	5812.456	/	( ( (54143.957 - 18837.985)	+	(49617.397 - 17241.684) )	/ 2 )
	=	5812.456	/	( (35305.972	+	32375.713)	/ 2 )
	=	5812.456	/	33840.8425
	=	17.18 %

Yankuang Energy Group Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	5450.74	/	( ( (46295.393 - 16481.928)	+	(49617.397 - 17241.684) )	/ 2 )
	=	5450.74	/	( ( 29813.465	+	32375.713 )	/ 2 )
	=	5450.74	/	31094.589
	=	17.53 %

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

Yankuang Energy Group Co (OTCPK:YZCAY) 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.

Yankuang Energy Group Co ROCE % Related Terms

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Yankuang Energy Group Co (Yankuang Energy Group Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Yankuang Energy Group Co Ltd (OTCPK:YZCAY) » Definitions » ROCE %

Traded in Other Exchanges

YZCHF:USA 01171:Hong Kong YZCA:Germany 600188:China

Address

949 South Fushan Road, Shandong Province, Zoucheng, CHN, 273500

Website

http://www.yanzhoucoal.com.cn

Yankuang Energy Group Co Ltd, is an integrated thermal and coking coal-mining company, with operations in mainland China and Australia. The company also engages in power/heat generation and rail transportation and produces coal chemicals including methanol. Coal accounted for more than 90% of the group's gross profit in 2019. The firm is the second-largest coal miner in China by production and is listed on the exchanges in Hong Kong, Shanghai, and New York.

Yankuang Energy Group Co (Yankuang Energy Group Co) Headlines

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