Jinchuan Group International Resources Co (HKSE:02362) ROCE % : 4.44% (As of Dec. 2023)

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What is Jinchuan Group International Resources 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. Jinchuan Group International Resources Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.44%.

Jinchuan Group International Resources Co ROCE % Historical Data

The historical data trend for Jinchuan Group International Resources 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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Jinchuan Group International Resources Co ROCE % Chart

Jinchuan Group International Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.67

5.22

18.34

4.07

2.18

Jinchuan Group International Resources Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															21.14	12.50	-4.06	-0.21	4.44

Jinchuan Group International Resources Co ROCE % Calculation

Jinchuan Group International Resources 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 )
	=	312.618	/	( ( (15800.687 - 2073.563)	+	(16950.249 - 1977.972) )	/ 2 )
	=	312.618	/	( (13727.124	+	14972.277)	/ 2 )
	=	312.618	/	14349.7005
	=	2.18 %

Jinchuan Group International Resources Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	654.508	/	( ( (17031.127 - 2543.681)	+	(16950.249 - 1977.972) )	/ 2 )
	=	654.508	/	( ( 14487.446	+	14972.277 )	/ 2 )
	=	654.508	/	14729.8615
	=	4.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Jinchuan Group International Resources Co (HKSE:02362) 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.

Jinchuan Group International Resources Co ROCE % Related Terms

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Jinchuan Group International Resources Co (HKSE:02362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jinchuan Group International Resources Co Ltd (HKSE:02362) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JGRRF:USA GDZD:Germany

Address

95 Queensway, Unit 3101, 31st Floor, United Centre, Hong Kong, HKG

Website

http://www.jinchuan-intl.com

Jinchuan Group International Resources Co Ltd, through its subsidiaries, is engaged in mining operations including the production of copper and cobalt. The group's mining operations include two operating mines (Ruashi Mine and Kinsenda Mine), one project at the development stage (Musonoi Project), one exploration project (Lubembe Project), and one mine leased out under a finance lease agreement (Chibuluma South Mine (including Chifupu Deposit)). Geographically, it derives a majority of its revenue from Hong Kong.

Executives

Jin Chuan Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Gan Su Sheng Xin Ye Zi Chan Jing Ying You Xian Ze Ren Gong Si	2101 Beneficial owner
Gan Su Sheng Jing Ji He Zuo Zong Gong Si	2101 Beneficial owner

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