China Nonferrous Mining (STU:3N4) ROCE % : 31.03% (As of Jun. 2024)

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What is China Nonferrous Mining 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. China Nonferrous Mining's annualized ROCE % for the quarter that ended in Jun. 2024 was 31.03%.

China Nonferrous Mining ROCE % Historical Data

The historical data trend for China Nonferrous Mining'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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China Nonferrous Mining ROCE % Chart

China Nonferrous Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.49

13.82

31.84

19.82

20.88

China Nonferrous Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															28.22	9.08	27.02	13.43	31.03

China Nonferrous Mining ROCE % Calculation

China Nonferrous Mining'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 )
	=	542.328	/	( ( (3797.39 - 1060.879)	+	(3502.493 - 1045.418) )	/ 2 )
	=	542.328	/	( (2736.511	+	2457.075)	/ 2 )
	=	542.328	/	2596.793
	=	20.88 %

China Nonferrous Mining's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	815.032	/	( ( (3502.493 - 1045.418)	+	(3889.103 - 1092.385) )	/ 2 )
	=	815.032	/	( ( 2457.075	+	2796.718 )	/ 2 )
	=	815.032	/	2626.8965
	=	31.03 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

China Nonferrous Mining (STU:3N4) 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.

China Nonferrous Mining ROCE % Related Terms

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China Nonferrous Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Mining Corp Ltd (STU:3N4) » Definitions » ROCE %

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01258:Hong Kong

Address

32 Enos Chomba Road, Kitwe, ZMB

Website

https://www.cnmcl.net

China Nonferrous Mining Corp Ltd is a Company with its subsidiaries are principally engaged in exploration, mining, ore processing, leaching, smelting of copper and cobalt, and sale of copper cathodes, blister copper and copper anodes, copper-cobalt alloy, cobaltous hydroxide and sulfuric acid. Its operating segments are Leaching and Smelting. The majority of the company's revenue is derived from the Smelting segment. The smelting segment includes the production and sale of blister and copper anodes. Geographically, it derives a majority of revenue from Mainland China.

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