Xiamen Tungsten Co (SHSE:600549) ROCE % : 13.07% (As of Mar. 2024)

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What is Xiamen Tungsten 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. Xiamen Tungsten Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.07%.

Xiamen Tungsten Co ROCE % Historical Data

The historical data trend for Xiamen Tungsten 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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Xiamen Tungsten Co ROCE % Chart

Xiamen Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.78

11.28

15.27

14.21

12.83

Xiamen Tungsten 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															13.85	11.51	12.34	11.07	13.07

Xiamen Tungsten Co ROCE % Calculation

Xiamen Tungsten 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 )
	=	3374.747	/	( ( (39810.758 - 15585.161)	+	(39272.52 - 10898.562) )	/ 2 )
	=	3374.747	/	( (24225.597	+	28373.958)	/ 2 )
	=	3374.747	/	26299.7775
	=	12.83 %

Xiamen Tungsten 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 )
	=	3691.768	/	( ( (39272.52 - 10898.562)	+	(40594.423 - 12485.659) )	/ 2 )
	=	3691.768	/	( ( 28373.958	+	28108.764 )	/ 2 )
	=	3691.768	/	28241.361
	=	13.07 %

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

Xiamen Tungsten Co (SHSE:600549) 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.

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Xiamen Tungsten Co (SHSE:600549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xiamen Tungsten Co Ltd (SHSE:600549) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Number 619 Hubin South Road, 16th Floor, Xiamen, Fujian, CHN, 361004

Website

http://www.cxtc.com

Xiamen Tungsten Co Ltd is engaged in smelting, processing, and developing tungsten, molybdenum, and rare earth metals in the People's Republic of China. It offers tungsten concentrates, such as WO3, WOX, RTP, tungsten powders, cast WC, cemented carbide rods, tungsten steel products, tungsten bars and tungsten wires. The company is also engaged in Rare Earth Business, Molybdenum Business, New Energy Materials Business and Real Estate Business.

Executives

Xu Huo Yao	senior management
Wu Gao Chao	Directors, senior managers
Hong Chao E	senior management
Zhong Ke Xiang	senior management
Huang Zhang Geng	Director
Zhong Bing Xian	senior management
Zhou Yu Jun	senior management
Xu Ji Song	Supervisors

Xiamen Tungsten Co (SHSE:600549) Headlines

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