Inner Mongolia Yitai Coal Co (FRA:YT8) ROCE % : 16.48% (As of Mar. 2024)

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What is Inner Mongolia Yitai Coal 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. Inner Mongolia Yitai Coal Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.48%.

Inner Mongolia Yitai Coal Co ROCE % Historical Data

The historical data trend for Inner Mongolia Yitai Coal 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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Inner Mongolia Yitai Coal Co ROCE % Chart

Inner Mongolia Yitai Coal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.13

2.71

20.68

21.53

17.07

Inner Mongolia Yitai Coal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															25.42	13.02	15.90	11.49	16.48

Inner Mongolia Yitai Coal Co ROCE % Calculation

Inner Mongolia Yitai Coal 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 )
	=	1641.569	/	( ( (12391.16 - 2142.526)	+	(10974.037 - 1990.424) )	/ 2 )
	=	1641.569	/	( (10248.634	+	8983.613)	/ 2 )
	=	1641.569	/	9616.1235
	=	17.07 %

Inner Mongolia Yitai Coal Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1527.688	/	( ( (10974.037 - 1990.424)	+	(11363.891 - 1806.415) )	/ 2 )
	=	1527.688	/	( ( 8983.613	+	9557.476 )	/ 2 )
	=	1527.688	/	9270.5445
	=	16.48 %

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

Inner Mongolia Yitai Coal Co (FRA:YT8) 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.

Inner Mongolia Yitai Coal Co ROCE % Related Terms

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Inner Mongolia Yitai Coal Co (FRA:YT8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Inner Mongolia Yitai Coal Co Ltd (FRA:YT8) » Definitions » ROCE %

Traded in Other Exchanges

900948:China

Address

North Tianjiao Road, Yitai Building, Inner Mongolia, Dongsheng District, Ordos, CHN, 017000

Website

http://www.yitaicoal.com

Inner Mongolia Yitai Coal Co Ltd is primarily engaged in coal mining, processing, and distribution, as well as the distribution of petroleum products. The company also provides railway transportation services and road transportation services, as well as a coal-related chemical business, hotel management and pharmaceutical manufacturing. The company directly owns and controls multiple mechanized coal mines and controls three main railways, namely the Zhundong Railway, Huzhun Railway and a special railway line for Suancigou Mine. Thermal coal provided by the company serves as fuel for various industries including thermal power, construction materials and chemicals.

Inner Mongolia Yitai Coal Co (FRA:YT8) Headlines

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