Henan Jinma Energy Company (HKSE:06885) ROCE % : 0.33% (As of Dec. 2023)

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What is Henan Jinma Energy Company 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. Henan Jinma Energy Company's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.33%.

Henan Jinma Energy Company ROCE % Historical Data

The historical data trend for Henan Jinma Energy Company'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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Henan Jinma Energy Company ROCE % Chart

Henan Jinma Energy Company Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

27.07

18.96

15.26

13.25

1.10

Henan Jinma Energy Company Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial												9.40	23.28	4.72	1.90	0.33

Henan Jinma Energy Company ROCE % Calculation

Henan Jinma Energy Company'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 )
	=	81.389	/	( ( (12541.915 - 5062.334)	+	(13710.494 - 6330.321) )	/ 2 )
	=	81.389	/	( (7479.581	+	7380.173)	/ 2 )
	=	81.389	/	7429.877
	=	1.10 %

Henan Jinma Energy Company'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 )
	=	23.862	/	( ( (12891.806 - 5742.679)	+	(13710.494 - 6330.321) )	/ 2 )
	=	23.862	/	( ( 7149.127	+	7380.173 )	/ 2 )
	=	23.862	/	7264.65
	=	0.33 %

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

Henan Jinma Energy Company (HKSE:06885) 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.

Henan Jinma Energy Company ROCE % Related Terms

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Henan Jinma Energy Company (HKSE:06885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Henan Jinma Energy Company Ltd (HKSE:06885) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

West First Ring Road South, Henan Province, Jiyuan, CHN, 459000

Website

https://www.hnjmny.com

Henan Jinma Energy Company Ltd operates as a coke producer and processor of coking by-products in the coking chemical industry in Henan province. It operates through the following business segments: Coke Segment is mainly engaged in the manufacture of Coke. The Refined Chemicals Segment is mainly engaged in the manufacture of benzene-based chemicals and coal-tar-based chemicals. Energy Products Segment is mainly engaged in the manufacture of coal gas. The Trading Segment is mainly engaged in the trading of coal and coal mining equipment. It generates maximum revenue from the Coke segment. Geographically, it derives revenue from the PRC.

Executives

Lam Yuk Wai	2202 Interest of your spouse
Yiu Chiu Fai	2101 Beneficial owner
Zheng Jing	2202 Interest of your spouse
Wang Li Jie	2201 Interest of corporation controlled by you
Ji Yuan Shi Jin Ma Xing Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Bei Jing Fang Da Guo Ji Shi Ye Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Fang Wei	2201 Interest of corporation controlled by you
Jiang Xi Fang Da Gang Tie Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Xi Ping Gang Shi Ye Gu Fen You Xian Gong Si	2101 Beneficial owner
Liao Ning Fang Da Ji Tuan Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Xing Hua Gong Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Ma Jiao Hua Ying Shu Wei Jing Qun Dao You Xian Gong Si	2201 Interest of corporation controlled by you
Jin Ma Neng Yuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Ma Gang Ji Tuan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Ma An Shan Gang Tie Gu Fen You Xian Gong Si	2101 Beneficial owner

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