Tianshan Aluminum Group Co (SZSE:002532) ROCE % : 13.19% (As of Mar. 2024)

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

What is Tianshan Aluminum 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. Tianshan Aluminum Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.19%.

Tianshan Aluminum Group Co ROCE % Historical Data

The historical data trend for Tianshan Aluminum 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.

Tianshan Aluminum Group Co ROCE % Chart

Tianshan Aluminum Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

19.20

15.06

22.99

14.57

11.15

Tianshan Aluminum 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															11.23	10.79	12.19	9.16	13.19

Tianshan Aluminum Group Co ROCE % Calculation

Tianshan Aluminum 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 )
	=	3539.316	/	( ( (57309.845 - 26297.804)	+	(57097.017 - 24621.384) )	/ 2 )
	=	3539.316	/	( (31012.041	+	32475.633)	/ 2 )
	=	3539.316	/	31743.837
	=	11.15 %

Tianshan Aluminum 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 )
	=	4309.488	/	( ( (57097.017 - 24621.384)	+	(56872.86 - 23986.576) )	/ 2 )
	=	4309.488	/	( ( 32475.633	+	32886.284 )	/ 2 )
	=	4309.488	/	32680.9585
	=	13.19 %

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

Tianshan Aluminum Group Co (SZSE:002532) 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.

Tianshan Aluminum Group Co ROCE % Related Terms

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

Tianshan Aluminum Group Co (SZSE:002532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tianshan Aluminum Group Co Ltd (SZSE:002532) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Weiwu Road, North Industrial Park, Shihezi Development Zone, Xinjiang Uygur Autonomous Region, Xinjiang, CHN, 832014

Website

http://www.shimge.com

Tianshan Aluminum Group Co Ltd is engaged in the production and sales of primary aluminum, alumina, high-purity aluminum, pre-baked anodes, and aluminum deep-processed products and materials.

Tianshan Aluminum Group Co (SZSE:002532) Headlines

No Headlines