CITIC Resources Holdings (HKSE:01205) ROCE % : 5.54% (As of Dec. 2023)

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What is CITIC Resources 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. CITIC Resources Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.54%.

CITIC Resources Holdings ROCE % Historical Data

The historical data trend for CITIC Resources 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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CITIC Resources Holdings ROCE % Chart

CITIC Resources Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.56

-1.03

12.68

17.68

7.76

CITIC Resources 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															16.24	24.63	10.50	10.18	5.54

CITIC Resources Holdings ROCE % Calculation

CITIC Resources 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 )
	=	834.519	/	( ( (12439.567 - 1203.745)	+	(11624.391 - 1358.236) )	/ 2 )
	=	834.519	/	( (11235.822	+	10266.155)	/ 2 )
	=	834.519	/	10750.9885
	=	7.76 %

CITIC Resources 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 )
	=	570.508	/	( ( (11824.028 - 1482.291)	+	(11624.391 - 1358.236) )	/ 2 )
	=	570.508	/	( ( 10341.737	+	10266.155 )	/ 2 )
	=	570.508	/	10303.946
	=	5.54 %

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

CITIC Resources Holdings (HKSE:01205) 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.

CITIC Resources Holdings ROCE % Related Terms

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CITIC Resources Holdings (HKSE:01205) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Resources Holdings Ltd (HKSE:01205) » Definitions » ROCE %

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CTJHY:USA CTJHF:USA CZR:Germany

Address

1 Austin Road West, International Commerce Centre, Suites 6701-02 & 08B, 67th Floor, Kowloon, Hong Kong, HKG

Website

http://www.resources.citic

CITIC Resources Holdings Ltd is a provider of strategic natural resources and key commodities. Its activities are the export of commodity products including aluminum ingots, coal, iron ore, alumina, and copper; and the import of other commodity products and manufactured goods including steel, vehicle, and industrial batteries. It has four operating segments; the aluminum smelting segment comprises the operation of the PAS which sources alumina and produces aluminum ingots, the coal segment comprises the operation of coal mines and the sale of coal, the import and export of commodities segment comprises the import of other commodity products and manufactured goods such as steel, and the crude oil segment comprises the operation of oilfields and the sale of crude oil.

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