Sinomine Resource Group Co (SZSE:002738) ROCE % : 2.56% (As of Sep. 2024)

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What is Sinomine Resource 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. Sinomine Resource Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.56%.

Sinomine Resource Group Co ROCE % Historical Data

The historical data trend for Sinomine Resource 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.

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Sinomine Resource Group Co ROCE % Chart

Sinomine Resource Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.84

6.86

15.89

54.71

22.15

Sinomine Resource Group 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															19.32	3.00	7.50	10.09	2.56

Sinomine Resource Group Co ROCE % Calculation

Sinomine Resource 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 )
	=	2521.302	/	( ( (11482.451 - 2312.397)	+	(15884.832 - 2292.666) )	/ 2 )
	=	2521.302	/	( (9170.054	+	13592.166)	/ 2 )
	=	2521.302	/	11381.11
	=	22.15 %

Sinomine Resource Group 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 )
	=	343.776	/	( ( (15432.931 - 2192.757)	+	(16248.679 - 2626.037) )	/ 2 )
	=	343.776	/	( ( 13240.174	+	13622.642 )	/ 2 )
	=	343.776	/	13431.408
	=	2.56 %

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

Sinomine Resource Group Co (SZSE:002738) 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.

Sinomine Resource Group Co ROCE % Related Terms

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Sinomine Resource Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sinomine Resource Group Co Ltd (SZSE:002738) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 161 Jinze Road, 39th Floor, Rui Center, Fengtai District, Beijing, CHN, 100073

Website

http://www.sinomine.cn

Sinomine Resource Group Co Ltd is engaged in solid mineral exploration technical services, mining rights investment and development, international engineering general contracting, international and domestic trade, and the research and development, production and sales of rare light metal raw materials such as lithium salts, cesium salts and rubidium salts.

Executives

Zhang Jin Wei	Directors, Directors, and Executives
Wang Zhen Hua	Executives
Jiang Yan Long	Executives
Zhang Xue Shu	Executives
Wang Ping Wei	Directors, executives
Sun Mei Chun	Director
Wei Yun Feng	Director
Wang Fang Miao	Director
Ou Xue Gang	Director
Xiao Xiao Xia	Directors, executives
Huang Ren Jing	Securities Affairs Representative
Chen Hai Zhou	Director
Liu Xin Guo	Director
Lin Fen	Supervisors
Fu Chao Yi	Executives

Sinomine Resource Group Co Headlines

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