Yancoal Australia (ASX:YAL) ROCE % : 11.53% (As of Jun. 2024)

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What is Yancoal Australia 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. Yancoal Australia's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.53%.

Yancoal Australia ROCE % Historical Data

The historical data trend for Yancoal Australia'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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Yancoal Australia ROCE % Chart

Yancoal Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.70

-10.16

13.00

52.17

25.65

Yancoal Australia Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															44.53	52.82	28.01	24.15	11.53

Yancoal Australia ROCE % Calculation

Yancoal Australia'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 )
	=	2626	/	( ( (12801 - 2532)	+	(11254 - 1048) )	/ 2 )
	=	2626	/	( (10269	+	10206)	/ 2 )
	=	2626	/	10237.5
	=	25.65 %

Yancoal Australia's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	1174	/	( ( (11254 - 1048)	+	(11131 - 972) )	/ 2 )
	=	1174	/	( ( 10206	+	10159 )	/ 2 )
	=	1174	/	10182.5
	=	11.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Yancoal Australia (ASX:YAL) 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.

Yancoal Australia ROCE % Related Terms

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Yancoal Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Yancoal Australia Ltd (ASX:YAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

YACAF:USA 03668:Hong Kong YA1:Germany YA1:Germany

Address

201 Sussex Street, Level 18, Darling Park Tower 2, Sydney, NSW, AUS, 2000

Website

https://www.yancoal.com.au

Yancoal Australia Ltd is involved in identifying, developing, and operating coal-related projects in Australia. It has a diversified product mix of metallurgical and thermal coal mines in New South Wales and Queensland. The company generates maximum revenue from the New South Wales segment. It operates coal mines in the Hunter Valley, Moolarben, Mount Thorley Warkworth, Ashton and Stratford Duralie, Yarrabee and Middlemoun. The company's geographical markets include Japan, Singapore, China, South Korea, Taiwan, Thailand, and other countries.

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