Baiyin Nonferrous Group Co (SHSE:601212) ROCE % : 2.84% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Baiyin Nonferrous Group 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. Baiyin Nonferrous Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.84%.

Baiyin Nonferrous Group Co ROCE % Historical Data

The historical data trend for Baiyin Nonferrous Group 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.

* Premium members only.

Baiyin Nonferrous Group Co ROCE % Chart

Baiyin Nonferrous Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.03

5.38

7.05

6.96

7.89

Baiyin Nonferrous Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.74	8.05	5.04	11.45	2.84

Baiyin Nonferrous Group Co ROCE % Calculation

Baiyin Nonferrous Group 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 )
	=	1966.539	/	( ( (46663.31 - 21924.781)	+	(47969.524 - 22886.898) )	/ 2 )
	=	1966.539	/	( (24738.529	+	25082.626)	/ 2 )
	=	1966.539	/	24910.5775
	=	7.89 %

Baiyin Nonferrous Group Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	734.808	/	( ( (49834.469 - 24464.905)	+	(51676.913 - 25352.271) )	/ 2 )
	=	734.808	/	( ( 25369.564	+	26324.642 )	/ 2 )
	=	734.808	/	25847.103
	=	2.84 %

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

Baiyin Nonferrous Group Co (SHSE:601212) 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.

Baiyin Nonferrous Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Baiyin Nonferrous Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Baiyin Nonferrous Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baiyin Nonferrous Group Co Ltd (SHSE:601212) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.56, Friendship Road, Baiyin District, Gansu Province, Baiyin, CHN, 730900

Website

http://www.bynmc.com

Baiyin Nonferrous Group Co Ltd is engaged in mining and production of nonferrous metals. The product offered by the group includes Cathode copper, Lead ingots, Zinc ingot, Gold ingot, Cadmium ingot, sulfuric acid, Selenium dioxide and others. The group distributes its products within Chinese and to overseas markets.

Baiyin Nonferrous Group Co Headlines

No Headlines