Ningbo Jintian Copper Group Co (SHSE:601609) ROCE % : 7.58% (As of Dec. 2023)

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What is Ningbo Jintian Copper 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. Ningbo Jintian Copper Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.58%.

Ningbo Jintian Copper Group Co ROCE % Historical Data

The historical data trend for Ningbo Jintian Copper 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.

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Ningbo Jintian Copper Group Co ROCE % Chart

Ningbo Jintian Copper Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.48

11.39

13.01

8.13

8.10

Ningbo Jintian Copper Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.35	6.79	10.76	6.40	7.58

Ningbo Jintian Copper Group Co ROCE % Calculation

Ningbo Jintian Copper 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 )
	=	1071.702	/	( ( (20008.211 - 8122.838)	+	(21831.328 - 7247.712) )	/ 2 )
	=	1071.702	/	( (11885.373	+	14583.616)	/ 2 )
	=	1071.702	/	13234.4945
	=	8.10 %

Ningbo Jintian Copper Group Co'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1097.088	/	( ( (24086.179 - 9732.237)	+	(21831.328 - 7247.712) )	/ 2 )
	=	1097.088	/	( ( 14353.942	+	14583.616 )	/ 2 )
	=	1097.088	/	14468.779
	=	7.58 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ningbo Jintian Copper Group Co (SHSE:601609) 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.

Ningbo Jintian Copper Group Co ROCE % Related Terms

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Ningbo Jintian Copper Group Co (SHSE:601609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Jintian Copper Group Co Ltd (SHSE:601609) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1 West West Road, Cicheng Town, Zhejiang Province, Ningbo, CHN, 315034

Website

http://www.jtgroup.com.cn

Ningbo Jintian Copper Group Co Ltd is engaged in production and sales of recycled copper smelting, copper product processing, deep processing and sintered NdFeB permanent magnet materials. Its activity includes nonferrous and ferrous metal rolling, processing; manufacturing and processing of grinding wheels, wires, motors, hardware, valves, electronic components, fasteners; enameled wire, electrolytic copper, copper rods, plates, tapes, wires, tubes, magnetic materials, stainless steel products.

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