Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) ROCE % : 6.65% (As of Mar. 2024)

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What is Shenzhen Zhongjin Lingnan Nonfemet 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. Shenzhen Zhongjin Lingnan Nonfemet Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.65%.

Shenzhen Zhongjin Lingnan Nonfemet Co ROCE % Historical Data

The historical data trend for Shenzhen Zhongjin Lingnan Nonfemet 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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Shenzhen Zhongjin Lingnan Nonfemet Co ROCE % Chart

Shenzhen Zhongjin Lingnan Nonfemet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.34

8.34

8.27

7.49

6.60

Shenzhen Zhongjin Lingnan Nonfemet 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															9.23	7.58	5.77	2.76	6.65

Shenzhen Zhongjin Lingnan Nonfemet Co ROCE % Calculation

Shenzhen Zhongjin Lingnan Nonfemet 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 )
	=	1790.099	/	( ( (32657.003 - 9859.797)	+	(43024.516 - 11587.762) )	/ 2 )
	=	1790.099	/	( (22797.206	+	31436.754)	/ 2 )
	=	1790.099	/	27116.98
	=	6.60 %

Shenzhen Zhongjin Lingnan Nonfemet 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 )
	=	2163.112	/	( ( (43024.516 - 11587.762)	+	(45465.008 - 11840.358) )	/ 2 )
	=	2163.112	/	( ( 31436.754	+	33624.65 )	/ 2 )
	=	2163.112	/	32530.702
	=	6.65 %

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

Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) 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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Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (SZSE:000060) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

6013 Shennan Road, Zhongguo Youse Building, 24th-26th Floor, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

http://www.nonfemet.com

Shenzhen Zhongjin Lingnan Nonfemet Co Ltd is a China-based company engaged in the production of non-ferrous metals. Its product portfolio includes fine lead ore, fine zinc ore, mixed lead and zinc ore, fine sulfur ore, electrolytic lead, fine zinc, silver, fine cadmium, germanium ingots, germanium dioxide, indium ingots, sulfuric acid, zinc sulfate, section aluminum, curtain walls, steel stripes, nickel hydroxide, zinc powder for batteries, and fibrous nickel powder. The company also undertakes cross-industry and cross-region operations that span mining, processing, smelting, manufacturing, research and development, construction materials, real estate development, trade, warehousing, and financial service.

Executives

Qi Si Yin	Supervisors
Huang Jian Min	Secretary Dong
Yu Gang	Directors, executives
Chen Shao Hua	Executives
Niu Hong	Supervisors
Chu Hu	Executives
Liang Ming	Executives
Wu Sheng Hui	Director
Yao Shu	Executives
Yu Zhong Min	Executives
Peng Ling	Directors, executives
Ma Jian Hua	Director
Zhang Guang Yan	Supervisors
Zheng Jin Hua	Supervisors
Zhu Wei Ping	Independent director

Shenzhen Zhongjin Lingnan Nonfemet Co (SZSE:000060) Headlines

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