China Shenhua Energy Co (FRA:IKFC) ROCE % : 18.96% (As of Sep. 2024)

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What is China Shenhua 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. China Shenhua Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.96%.

China Shenhua Energy Co ROCE % Historical Data

The historical data trend for China Shenhua 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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China Shenhua Energy Co ROCE % Chart

China Shenhua Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.08

12.92

15.94

18.90

15.94

China Shenhua Energy 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															16.89	11.20	16.93	14.14	18.96

China Shenhua Energy Co ROCE % Calculation

China Shenhua Energy 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 )
	=	11160.631	/	( ( (84200.38 - 13324.351)	+	(80926.322 - 11762.058) )	/ 2 )
	=	11160.631	/	( (70876.029	+	69164.264)	/ 2 )
	=	11160.631	/	70020.1465
	=	15.94 %

China Shenhua Energy 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 )
	=	13129.44	/	( ( (86149.969 - 18114.264)	+	(82683.048 - 12214.433) )	/ 2 )
	=	13129.44	/	( ( 68035.705	+	70468.615 )	/ 2 )
	=	13129.44	/	69252.16
	=	18.96 %

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

China Shenhua Energy Co (FRA:IKFC) 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.

China Shenhua Energy Co ROCE % Related Terms

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China Shenhua Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Shenhua Energy Co Ltd (FRA:IKFC) » Definitions » ROCE %

Traded in Other Exchanges

CUAEF:USA CSUAY:USA 01088:Hong Kong IKF:Germany 601088:China

Address

No. 22, Andingmen Xibinhe Road, Dongcheng District, Beijing, CHN, 100011

Website

http://www.csec.com

China Shenhua Energy Co Ltd is a globally integrated coal-based energy company, mainly engaging in business segments: Coal, Power generation, Shipping, railway, port, and Coal chemical. Focusing on its core coal mining operation, China Shenhua leverages its self-developed transportation and sales network as well as downstream power plants, coal-to-chemicals facilities, and new energy projects to achieve cross-sector and cross-industry integrated development and operation.

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