Sanmenxia Tianyuan Aluminum Co (HKSE:08253) ROCE % : -65.51% (As of Dec. 2010)

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What is Sanmenxia Tianyuan Aluminum 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. Sanmenxia Tianyuan Aluminum Co's annualized ROCE % for the quarter that ended in Dec. 2010 was -65.51%.

Sanmenxia Tianyuan Aluminum Co ROCE % Historical Data

The historical data trend for Sanmenxia Tianyuan Aluminum 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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Sanmenxia Tianyuan Aluminum Co ROCE % Chart

Sanmenxia Tianyuan Aluminum Co Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

ROCE %

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65.62

70.66

9.77

-7.27

-43.15

Sanmenxia Tianyuan Aluminum Co Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10
ROCE %	Get a 7-Day Free Trial			65.62	70.66	9.77	-7.27	-65.51

Sanmenxia Tianyuan Aluminum Co ROCE % Calculation

Sanmenxia Tianyuan Aluminum Co's annualized ROCE % for the fiscal year that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2010 )		(A: Dec. 2009 )		(A: Dec. 2010 )
	=	-203.018	/	( ( (2242.388 - 1611.372)	+	(3108.795 - 2798.903) )	/ 2 )
	=	-203.018	/	( (631.016	+	309.892)	/ 2 )
	=	-203.018	/	470.454
	=	-43.15 %

Sanmenxia Tianyuan Aluminum Co's ROCE % of for the quarter that ended in Dec. 2010 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2010 )		(Q: Dec. 2009 )		(Q: Dec. 2010 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2010 )		(Q: Dec. 2009 )		(Q: Dec. 2010 )
	=	-203.018	/	( ( (2242.388 - 1611.372)	+	(3108.795 - 2798.903) )	/ 2 )
	=	-203.018	/	( ( 631.016	+	309.892 )	/ 2 )
	=	-203.018	/	470.454
	=	-43.15 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2010) EBIT data.

Sanmenxia Tianyuan Aluminum Co (HKSE:08253) 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.

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Sanmenxia Tianyuan Aluminum Co (HKSE:08253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sanmenxia Tianyuan Aluminum Co Ltd (HKSE:08253) » Definitions » ROCE %

Traded in Other Exchanges

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Address

Website

http://www.styal.com.cn/

Sanmenxia Tianyuan Aluminum Co. is mainly engaged in aluminum and aluminum alloy ingots production and sales, as well as import business concerning reasearch required materials and equipments.

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