Jiangxi Copper Co (Jiangxi Copper Co) ROCE % : 10.35% (As of Mar. 2024)

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What is Jiangxi Copper 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. Jiangxi Copper Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.35%.

Jiangxi Copper Co ROCE % Historical Data

The historical data trend for Jiangxi Copper 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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Jiangxi Copper Co ROCE % Chart

Jiangxi Copper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.11

4.56

8.31

7.73

9.17

Jiangxi Copper 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															9.99	6.87	12.17	4.30	10.35

Jiangxi Copper Co ROCE % Calculation

Jiangxi Copper 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 )
	=	1248.03	/	( ( (24001.397 - 10500.635)	+	(23549.887 - 9845.107) )	/ 2 )
	=	1248.03	/	( (13500.762	+	13704.78)	/ 2 )
	=	1248.03	/	13602.771
	=	9.17 %

Jiangxi Copper 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 )
	=	1451.484	/	( ( (23549.887 - 9845.107)	+	(27054.835 - 12703.505) )	/ 2 )
	=	1451.484	/	( ( 13704.78	+	14351.33 )	/ 2 )
	=	1451.484	/	14028.055
	=	10.35 %

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

Jiangxi Copper Co (OTCPK:JIAXF) 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.

Jiangxi Copper Co ROCE % Related Terms

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Jiangxi Copper Co (Jiangxi Copper Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangxi Copper Co Ltd (OTCPK:JIAXF) » Definitions » ROCE %

Traded in Other Exchanges

00358:Hong Kong JIX:Germany 600362:China

Address

No. 7666 Changdong Avenue, High-tech Development Zone, Jiangxi Province, Nanchang, CHN, 330096

Website

http://www.jxcc.com

Jiangxi Copper Co Ltd engages in copper mining and dressing; smelting and processing; extraction, and processing of precious and scattered metal, and sulphuric chemistry. Its products include a copper cathode, gold, silver, sulphuric acid, c, copper foil, selenium, tellurium, rhenium, and bismuth. It has two operating segments as follows: Copper related business and Gold related business out of which Copper related business segment accounts for a majority of revenue.

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