Shougang Fushan Resources Group (HKSE:00639) ROCE % : 10.96% (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Shougang Fushan Resources Group 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. Shougang Fushan Resources Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.96%.

Shougang Fushan Resources Group ROCE % Historical Data

The historical data trend for Shougang Fushan Resources Group'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.

Shougang Fushan Resources Group ROCE % Chart

Shougang Fushan Resources Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.85

8.59

20.77

22.53

16.03

Shougang Fushan Resources Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															30.34	26.64	18.46	21.03	10.96

Shougang Fushan Resources Group ROCE % Calculation

Shougang Fushan Resources Group'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 )
	=	3221.838	/	( ( (23463.484 - 3234.634)	+	(22491.544 - 2522.589) )	/ 2 )
	=	3221.838	/	( (20228.85	+	19968.955)	/ 2 )
	=	3221.838	/	20098.9025
	=	16.03 %

Shougang Fushan Resources Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	2198.534	/	( ( (24178.695 - 4037.054)	+	(22491.544 - 2522.589) )	/ 2 )
	=	2198.534	/	( ( 20141.641	+	19968.955 )	/ 2 )
	=	2198.534	/	20055.298
	=	10.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Shougang Fushan Resources Group (HKSE:00639) 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.

Shougang Fushan Resources Group ROCE % Related Terms

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

Shougang Fushan Resources Group (HKSE:00639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Fushan Resources Group Ltd (HKSE:00639) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FSHYF:USA FU7:Germany

Address

56 Gloucester Road, 6th Floor, Bank of East Asia Harbour View Centre, Wanchai, Hong Kong, HKG

Website

http://www.shougang-resources.com.hk

Shougang Fushan Resources Group Ltd is engaged in coking coal mining, production and sales of coking coal products in the PRC. It derives revenue from the sale of clean coking coal and raw coking coal. The group has three operating coking coal mines and three coal preparation plants. The group has a business presence in the PRC and Hong Kong.

Shougang Fushan Resources Group (HKSE:00639) Headlines

No Headlines