Shandong Mining Machinery Group Co (SZSE:002526) ROCE % : 4.95% (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Shandong Mining Machinery Group 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. Shandong Mining Machinery Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.95%.

Shandong Mining Machinery Group Co ROCE % Historical Data

The historical data trend for Shandong Mining Machinery Group 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.

* Premium members only.

Shandong Mining Machinery Group Co ROCE % Chart

Shandong Mining Machinery Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.41

7.10

2.20

5.91

8.06

Shandong Mining Machinery Group 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															8.45	19.83	10.67	-6.88	4.95

Shandong Mining Machinery Group Co ROCE % Calculation

Shandong Mining Machinery Group 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 )
	=	242.142	/	( ( (4363.511 - 1445.295)	+	(4783.556 - 1694.753) )	/ 2 )
	=	242.142	/	( (2918.216	+	3088.803)	/ 2 )
	=	242.142	/	3003.5095
	=	8.06 %

Shandong Mining Machinery Group 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 )
	=	153.188	/	( ( (4783.556 - 1694.753)	+	(5000.518 - 1895.425) )	/ 2 )
	=	153.188	/	( ( 3088.803	+	3105.093 )	/ 2 )
	=	153.188	/	3096.948
	=	4.95 %

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

Shandong Mining Machinery Group Co (SZSE:002526) 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.

Shandong Mining Machinery Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shandong Mining Machinery Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Mining Machinery Group Co (SZSE:002526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Mining Machinery Group Co Ltd (SZSE:002526) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mining Machinery Industrial Park, Economic Development Zone, Changle County, Shandong province, Weifang, CHN

Website

http://www.sdkjjt.com

Shandong Mining Machinery Group Co Ltd manufactures and sells various machinery for coal mining, coal washing, mine safety, brick-making, post press packaging, and unmanned aviation industries in China. Its product portfolio comprises UAV, turbojet engines, and aero engines; and robots, 3D printing machines, workshop logistics automation systems, automatic cleaning and die cutting machines, and engineering robots.

Executives

Wang Zi Gang	Directors, executives
Zhu Yun	Supervisors
Yan Feng Chun	Executives
Yang Cheng San	Executives
Ji Feng	Executives
Chen Xue Wei	Directors, executives
Zhao Du Xue	Director
Zhang Yi Zhen	Director
Zhao Shi Wu	Director
Liang Min	Supervisors
	Director
Wang Yue Jiang	Director
Xiao Chang Li	Director
Zhong Zhang You	Director

Shandong Mining Machinery Group Co (SZSE:002526) Headlines

No Headlines