Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) ROCE % : 1.58% (As of Sep. 2024)

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What is Pangang Group Vanadium & Titanium Resources 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. Pangang Group Vanadium & Titanium Resources Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.58%.

Pangang Group Vanadium & Titanium Resources Co ROCE % Historical Data

The historical data trend for Pangang Group Vanadium & Titanium Resources 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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Pangang Group Vanadium & Titanium Resources Co ROCE % Chart

Pangang Group Vanadium & Titanium Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.52

5.44

16.95

16.14

10.38

Pangang Group Vanadium & Titanium Resources 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															9.17	6.72	2.86	2.43	1.58

Pangang Group Vanadium & Titanium Resources Co ROCE % Calculation

Pangang Group Vanadium & Titanium Resources 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 )
	=	1190.421	/	( ( (11935.278 - 2173.763)	+	(15334.342 - 2161.531) )	/ 2 )
	=	1190.421	/	( (9761.515	+	13172.811)	/ 2 )
	=	1190.421	/	11467.163
	=	10.38 %

Pangang Group Vanadium & Titanium Resources 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 )
	=	210.328	/	( ( (15176.867 - 1856.368)	+	(15218.076 - 1839.583) )	/ 2 )
	=	210.328	/	( ( 13320.499	+	13378.493 )	/ 2 )
	=	210.328	/	13349.496
	=	1.58 %

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

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) 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.

Pangang Group Vanadium & Titanium Resources Co ROCE % Related Terms

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Pangang Group Vanadium & Titanium Resources Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pangang Group Vanadium & Titanium Resources Co Ltd (SZSE:000629) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 21, West Section of Gangcheng Avenue, Panzhihua Cultural Plaza, East District, Sichuan Province, Panzhihua, CHN, 617067

Website

https://www.pgvt.cn

Pangang Group Vanadium & Titanium Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.

Executives

Zhang Yu Dong	Supervisors
Xie Zheng Min	Executives
Liu Jie	Director
Zheng Yong Xiong	Supervisors
Du Si Hong	Executives
Zhang Da De	Director
Wang Zhang Min	Executives
Zhang Zhi Jie	Supervisors
Sun Ren Xiao	Director
Tian Ye	Director
Liu Jun	Executives
Xue Pei Hua	Executives
Xue Shi Cheng	Director
Jiao Jing Min	Executives
Liu Xin Hui	Supervisors

Pangang Group Vanadium & Titanium Resources Co Headlines

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