Yunnan Energy Investment Co (SZSE:002053) ROCE % : 11.14% (As of Mar. 2024)

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What is Yunnan Energy Investment 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. Yunnan Energy Investment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.14%.

Yunnan Energy Investment Co ROCE % Historical Data

The historical data trend for Yunnan Energy Investment 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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Yunnan Energy Investment Co ROCE % Chart

Yunnan Energy Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.20

5.19

5.24

4.29

4.70

Yunnan Energy Investment 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															8.31	5.03	2.23	4.52	11.14

Yunnan Energy Investment Co ROCE % Calculation

Yunnan Energy Investment 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 )
	=	610.324	/	( ( (13984.671 - 2742.151)	+	(17583.529 - 2880.281) )	/ 2 )
	=	610.324	/	( (11242.52	+	14703.248)	/ 2 )
	=	610.324	/	12972.884
	=	4.70 %

Yunnan Energy Investment 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 )
	=	1675.712	/	( ( (17583.529 - 2880.281)	+	(17976.519 - 2594.998) )	/ 2 )
	=	1675.712	/	( ( 14703.248	+	15381.521 )	/ 2 )
	=	1675.712	/	15042.3845
	=	11.14 %

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

Yunnan Energy Investment Co (SZSE:002053) 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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Yunnan Energy Investment Co (SZSE:002053) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yunnan Energy Investment Co Ltd (SZSE:002053) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 276, Yunnan Spring City Road, Guandu District, Yunnan Province, Kunming, CHN, 650200

Website

http://www.cnyeic.com

Yunnan Energy Investment Co Ltd is a China-based company engaged in the inorganic chemicals industry. It is involved in the production and sales of salt, industrial salt, daily salt, thenardite and other products. In addition, the company is also involved in the construction and operation of the natural gas pipeline network.

Executives

Shen Jun	Supervisors
Kong Li Hua	Director
Zhu De Gui	Director

Yunnan Energy Investment Co (SZSE:002053) Headlines

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