Tibet Mineral Development Co (SZSE:000762) ROCE % : 3.40% (As of Mar. 2024)

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What is Tibet Mineral Development 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. Tibet Mineral Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.40%.

Tibet Mineral Development Co ROCE % Historical Data

The historical data trend for Tibet Mineral Development 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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Tibet Mineral Development Co ROCE % Chart

Tibet Mineral Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.85

-2.18

7.92

39.26

5.81

Tibet Mineral Development 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															3.62	6.86	11.29	1.48	3.40

Tibet Mineral Development Co ROCE % Calculation

Tibet Mineral Development 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 )
	=	383.173	/	( ( (7513.946 - 1221.786)	+	(8143.611 - 1243.646) )	/ 2 )
	=	383.173	/	( (6292.16	+	6899.965)	/ 2 )
	=	383.173	/	6596.0625
	=	5.81 %

Tibet Mineral Development 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 )
	=	235.576	/	( ( (8143.611 - 1243.646)	+	(7621.494 - 670.68) )	/ 2 )
	=	235.576	/	( ( 6899.965	+	6950.814 )	/ 2 )
	=	235.576	/	6925.3895
	=	3.40 %

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

Tibet Mineral Development Co (SZSE:000762) 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.

Tibet Mineral Development Co ROCE % Related Terms

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Tibet Mineral Development Co (SZSE:000762) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tibet Mineral Development Co Ltd (SZSE:000762) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8 Jinzhu Second Road, Zhonghe International City, Lhasa, CHN

Website

Tibet Mineral Development Co Ltd is an integrated mine development company in China, mainly engaged in R&D, production, and distribution of ferrous metal material.

Executives

Bu Qiong Ci Ren	Directors, executives
Ren Zhen Qu Zhen	Supervisors
Ni La	Executives
Gan Qi Yi	Independent director
Rao Qiong	Directors, executives
Chen Rong Fa	Director
Liu Xiao Jiang	Executives
Shen Ming Hong	Director
La Ba Jiang Cun	Executives
La Ba Ci Ren	Directors, executives
Suo Lang Duo Ji	Directors, executives

Tibet Mineral Development Co (SZSE:000762) Headlines

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