China Rare Earth Holdings (FRA:RAE) ROCE % : -7.22% (As of Dec. 2023)

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What is China Rare Earth Holdings 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 Rare Earth Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.22%.

China Rare Earth Holdings ROCE % Historical Data

The historical data trend for China Rare Earth Holdings'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 Rare Earth Holdings ROCE % Chart

China Rare Earth Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.61

0.96

1.04

-15.72

-9.55

China Rare Earth Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															0.81	0.95	-32.11	-12.23	-7.22

China Rare Earth Holdings ROCE % Calculation

China Rare Earth Holdings'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 )
	=	-24.641	/	( ( (292.174 - 16.026)	+	(252.88 - 12.789) )	/ 2 )
	=	-24.641	/	( (276.148	+	240.091)	/ 2 )
	=	-24.641	/	258.1195
	=	-9.55 %

China Rare Earth Holdings'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-17.516	/	( ( (261.613 - 16.385)	+	(252.88 - 12.789) )	/ 2 )
	=	-17.516	/	( ( 245.228	+	240.091 )	/ 2 )
	=	-17.516	/	242.6595
	=	-7.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Rare Earth Holdings (FRA:RAE) 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 Rare Earth Holdings ROCE % Related Terms

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China Rare Earth Holdings (FRA:RAE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Rare Earth Holdings Ltd (FRA:RAE) » Definitions » ROCE %

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CREQF:USA 00769:Hong Kong

Address

Dingshu Town, Jiangsu Province, Yixing, CHN, 214226

Website

http://www.creh.com.hk

China Rare Earth Holdings Ltd is an investment holding company. It operates in two segments: Rare earth and Refractory. The Rare earth segment includes manufacturing and sales of rare earth products such as praseodymium, neodymium, terbium, and dysprosium through trading. It also focuses on the production of high-end products such as rare earth oxides. The Refractory segment includes the manufacturing and sales of refractory products, including Refractory materials and Magnesium grains. The majority of its revenue comes from Rare Earth Segment. Its geographical segments are China, Japan, Europe, and Others, of which China accounts for the vast majority of its revenue.

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