Shaanxi Coal Industry Co (SHSE:601225) ROCE % : 23.67% (As of Mar. 2024)

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What is Shaanxi Coal Industry 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. Shaanxi Coal Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.67%.

Shaanxi Coal Industry Co ROCE % Historical Data

The historical data trend for Shaanxi Coal Industry 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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Shaanxi Coal Industry Co ROCE % Chart

Shaanxi Coal Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.04

23.31

31.68

39.54

26.19

Shaanxi Coal Industry 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															30.05	22.61	22.87	27.89	23.67

Shaanxi Coal Industry Co ROCE % Calculation

Shaanxi Coal Industry 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 )
	=	42597.305	/	( ( (223333.172 - 50720.33)	+	(193901.834 - 41195.043) )	/ 2 )
	=	42597.305	/	( (172612.842	+	152706.791)	/ 2 )
	=	42597.305	/	162659.8165
	=	26.19 %

Shaanxi Coal Industry 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 )
	=	37258.724	/	( ( (193901.834 - 41195.043)	+	(201965.584 - 39888.882) )	/ 2 )
	=	37258.724	/	( ( 152706.791	+	162076.702 )	/ 2 )
	=	37258.724	/	157391.7465
	=	23.67 %

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

Shaanxi Coal Industry Co (SHSE:601225) 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.

Shaanxi Coal Industry Co ROCE % Related Terms

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Shaanxi Coal Industry Co (SHSE:601225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shaanxi Coal Industry Co Ltd (SHSE:601225) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yanta District, Xi'an, Shaanxi Province, all the way to the 2nd Kam industry, Shaanxi Coal Chemical Group Building 19-22, Xi'an, CHN, 710065

Website

http://www.shxcoal.com

Shaanxi Coal Industry Co Ltd is a China-based company, principally engaged in the mining, dressing by washing, transportation, and sales of coal. The company's coal products are mainly applied in power, chemical engineering, and metallurgy, among others. The company distributes its products mainly within domestic markets.

Shaanxi Coal Industry Co (SHSE:601225) Headlines

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