Shanjin International Gold Co (SZSE:000975) ROCE % : 24.96% (As of Sep. 2024)

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What is Shanjin International Gold 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. Shanjin International Gold Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.96%.

Shanjin International Gold Co ROCE % Historical Data

The historical data trend for Shanjin International Gold 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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Shanjin International Gold Co ROCE % Chart

Shanjin International Gold Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.50

15.99

15.58

12.83

15.73

Shanjin International Gold 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															17.72	10.92	20.71	23.80	24.96

Shanjin International Gold Co ROCE % Calculation

Shanjin International Gold 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 )
	=	2130.53	/	( ( (16163.562 - 2974.933)	+	(16298.948 - 2406.421) )	/ 2 )
	=	2130.53	/	( (13188.629	+	13892.527)	/ 2 )
	=	2130.53	/	13540.578
	=	15.73 %

Shanjin International Gold 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 )
	=	3733.496	/	( ( (16154.471 - 2125.961)	+	(18202.85 - 2312.153) )	/ 2 )
	=	3733.496	/	( ( 14028.51	+	15890.697 )	/ 2 )
	=	3733.496	/	14959.6035
	=	24.96 %

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

Shanjin International Gold Co (SZSE:000975) 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.

Shanjin International Gold Co ROCE % Related Terms

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Shanjin International Gold Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanjin International Gold Co Ltd (SZSE:000975) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 20, Jinhe East Road, 30th Floor, North Tower, CP Center, Chaoyang District, Beijing, CHN, 100022

Website

https://www.ytg000975.cn

Shanjin International Gold Co Ltd is engaged in Mining and processing of precious and non-ferrous metals and metal trading.

Executives

Wang Shui	Director
Yuan Mei Rong	Directors, executives
Xin Xiang Dong	Director
Liu Wei Min	Supervisors
Yang Hai Fei	Director
Yuan Zhi An	Executives
Xie Zhen Yu	Directors, executives
Feng Dao Xiang	Independent director
Zhong Ming Hai	Executives
Hu Chun Yuan	Director
Wang Yi Biao	Supervisors

Shanjin International Gold Co Headlines

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