Minmetals Development Co (SHSE:600058) ROCE % : 8.27% (As of Dec. 2024)

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What is Minmetals Development 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. Minmetals Development Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.27%.

Minmetals Development Co ROCE % Historical Data

The historical data trend for Minmetals Development 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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Minmetals Development Co ROCE % Chart

Minmetals Development Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.94

13.62

12.41

10.30

7.06

Minmetals Development Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															11.80	-4.58	15.30	8.21	8.27

Minmetals Development Co ROCE % Calculation

Minmetals Development Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	558.843	/	( ( (22736.202 - 14799.653)	+	(23908.78 - 16013.453) )	/ 2 )
	=	558.843	/	( (7936.549	+	7895.327)	/ 2 )
	=	558.843	/	7915.938
	=	7.06 %

Minmetals Development Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	675.2	/	( ( (27671.55 - 19238.215)	+	(23908.78 - 16013.453) )	/ 2 )
	=	675.2	/	( ( 8433.335	+	7895.327 )	/ 2 )
	=	675.2	/	8164.331
	=	8.27 %

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

Minmetals Development Co (SHSE:600058) 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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Minmetals Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minmetals Development Co Ltd (SHSE:600058) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Building B, No. 5 Sanlihe Road, Haiding District, Beijing, CHN, 100044

Website

http://www.minlist.com.cn

Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.

Executives

Zong Qing Sheng	Director
Xu Qiang	senior management
Ren Jian Hua	senior management
Chen Shao Rong	senior management
Feng Gui Quan	senior management
Cui Qing Lian	senior management
Yao Zi Ping	Director
Zhang Yuan Rong	Director
Yu Min	Supervisors
Zhou Zhong Shu	Director
Lu Shao Bo	Supervisors
Gao Yong	senior management
Wang Zhong Liang	senior management

Minmetals Development Co Headlines

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