Zhaojin Mining Industry Co (FRA:ZVL) ROCE % : 5.63% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Zhaojin Mining Industry 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. Zhaojin Mining Industry Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.63%.

Zhaojin Mining Industry Co ROCE % Historical Data

The historical data trend for Zhaojin Mining Industry 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.

* Premium members only.

Zhaojin Mining Industry Co ROCE % Chart

Zhaojin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

4.87

7.92

3.69

4.27

5.11

Zhaojin Mining Industry Co 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															3.20	4.36	4.32	4.77	5.63

Zhaojin Mining Industry Co ROCE % Calculation

Zhaojin Mining Industry 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 )
	=	218.51	/	( ( (6213.376 - 2108.419)	+	(6019.075 - 1572.43) )	/ 2 )
	=	218.51	/	( (4104.957	+	4446.645)	/ 2 )
	=	218.51	/	4275.801
	=	5.11 %

Zhaojin Mining Industry Co'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 )
	=	241.242	/	( ( (6508.665 - 2381.712)	+	(6019.075 - 1572.43) )	/ 2 )
	=	241.242	/	( ( 4126.953	+	4446.645 )	/ 2 )
	=	241.242	/	4286.799
	=	5.63 %

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

Zhaojin Mining Industry Co (FRA:ZVL) 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.

Zhaojin Mining Industry Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhaojin Mining Industry Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhaojin Mining Industry Co (FRA:ZVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhaojin Mining Industry Co Ltd (FRA:ZVL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ZHAOF:USA 01818:Hong Kong ZVL:Germany

Address

1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

https://www.zhaojin.com.cn

Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.

Zhaojin Mining Industry Co (FRA:ZVL) Headlines

No Headlines