Shanghai Datun Energy Resourses Co (SHSE:600508) ROCE % : 10.39% (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Shanghai Datun Energy Resourses 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. Shanghai Datun Energy Resourses Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.39%.

Shanghai Datun Energy Resourses Co ROCE % Historical Data

The historical data trend for Shanghai Datun Energy Resourses 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.

Shanghai Datun Energy Resourses Co ROCE % Chart

Shanghai Datun Energy Resourses Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

7.13

7.43

4.97

17.09

9.25

Shanghai Datun Energy Resourses 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															30.31	13.55	4.15	-10.71	10.39

Shanghai Datun Energy Resourses Co ROCE % Calculation

Shanghai Datun Energy Resourses 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 )
	=	1452.997	/	( ( (19340.253 - 4255.209)	+	(19937.627 - 3599.103) )	/ 2 )
	=	1452.997	/	( (15085.044	+	16338.524)	/ 2 )
	=	1452.997	/	15711.784
	=	9.25 %

Shanghai Datun Energy Resourses 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 )
	=	1717.46	/	( ( (19937.627 - 3599.103)	+	(19840.767 - 3127.334) )	/ 2 )
	=	1717.46	/	( ( 16338.524	+	16713.433 )	/ 2 )
	=	1717.46	/	16525.9785
	=	10.39 %

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

Shanghai Datun Energy Resourses Co (SHSE:600508) 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.

Shanghai Datun Energy Resourses Co ROCE % Related Terms

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

Shanghai Datun Energy Resourses Co (SHSE:600508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanghai Datun Energy Resourses Co Ltd (SHSE:600508) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 256 Pudong South Road, Huaxia Bank Building, 12F, Pudong, Shanghai, Shanghai, CHN, 200120

Website

http://www.sdtny.com

Shanghai Datun Energy Resourses Co Ltd is mainly engaged in coal production and trade, washing and processing, coal mine construction, pit power generation, aluminum processing, railway transportation, machinery manufacturing, vocational and technical training and related engineering and technical services. Its products include coking coal, gas coal, gas fat coal, raw coal, washed coal, mixed coal, electrical power, and aluminum products.

Shanghai Datun Energy Resourses Co (SHSE:600508) Headlines

No Headlines