AHCHF (Anhui Conch Cement Co) ROCE % : 5.59% (As of Sep. 2024)

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What is Anhui Conch Cement 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. Anhui Conch Cement Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.59%.

Anhui Conch Cement Co ROCE % Historical Data

The historical data trend for Anhui Conch Cement 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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Anhui Conch Cement Co ROCE % Chart

Anhui Conch Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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32.16

29.58

23.79

9.40

6.76

Anhui Conch Cement Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.69	4.68	3.84	4.14	5.59

Anhui Conch Cement Co ROCE % Calculation

Anhui Conch Cement 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 )
	=	2034.085	/	( ( (34995.255 - 5102.234)	+	(34479.314 - 4153.921) )	/ 2 )
	=	2034.085	/	( (29893.021	+	30325.393)	/ 2 )
	=	2034.085	/	30109.207
	=	6.76 %

Anhui Conch Cement Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1711.176	/	( ( (33596.773 - 3955.015)	+	(35626.189 - 4035.253) )	/ 2 )
	=	1711.176	/	( ( 29641.758	+	31590.936 )	/ 2 )
	=	1711.176	/	30616.347
	=	5.59 %

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

Anhui Conch Cement Co (OTCPK:AHCHF) 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.

Anhui Conch Cement Co ROCE % Related Terms

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Anhui Conch Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Anhui Conch Cement Co Ltd (OTCPK:AHCHF) » Definitions » ROCE %

Traded in Other Exchanges

AHCHY:USA 00914:Hong Kong AQE:Germany 600585:China

Address

No. 39 Wenhua Road, Anhui Province, Wuhu, CHN, 241000

Website

http://www.conch.cn

Anhui Conch Cement mainly engages in the production and sale of cement, clinker, and concrete in China. The company was established in 1997 and headquartered in Anhui province. With annual cement production capacity of 395 million metric tons in 2023, the firm is the second-largest cement manufacturer in China. Sales of self-produced products contribute to about 80% of its revenue, with the remainder mainly from the trading business and service income.

Anhui Conch Cement Co Headlines

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