CITIC Metal Co (SHSE:601061) ROCE % : 5.88% (As of Mar. 2024)

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What is CITIC Metal 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. CITIC Metal Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.88%.

CITIC Metal Co ROCE % Historical Data

The historical data trend for CITIC Metal 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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CITIC Metal Co ROCE % Chart

CITIC Metal Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.73

16.98

16.67

15.97

15.68

CITIC Metal Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									16.96	13.28	14.65	14.89	5.88

CITIC Metal Co ROCE % Calculation

CITIC Metal 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 )
	=	3245.249	/	( ( (38966.29 - 20149.188)	+	(44486.783 - 21908.916) )	/ 2 )
	=	3245.249	/	( (18817.102	+	22577.867)	/ 2 )
	=	3245.249	/	20697.4845
	=	15.68 %

CITIC Metal 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 )
	=	1345.944	/	( ( (44486.783 - 21908.916)	+	(48153.773 - 24973.054) )	/ 2 )
	=	1345.944	/	( ( 22577.867	+	23180.719 )	/ 2 )
	=	1345.944	/	22879.293
	=	5.88 %

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

CITIC Metal Co (SHSE:601061) 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.

CITIC Metal Co ROCE % Related Terms

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CITIC Metal Co (SHSE:601061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CITIC Metal Co Ltd (SHSE:601061) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 6 Xinyuan South Road, Room 1903, Jingcheng Building, Chaoyang District, Beijing, CHN, 100004

Website

http://www.metal.citic

CITIC Metal Co Ltd is engaged in the bulk trade business of metal minerals, the main trade products are niobium products, iron ore, non-ferrous metals, steel and so on.

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