Baoshan Iron & Steel Co (SHSE:600019) ROCE % : 4.76% (As of Mar. 2024)

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What is Baoshan Iron & Steel 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. Baoshan Iron & Steel Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.76%.

Baoshan Iron & Steel Co ROCE % Historical Data

The historical data trend for Baoshan Iron & Steel 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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Baoshan Iron & Steel Co ROCE % Chart

Baoshan Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.82

8.13

13.71

6.70

6.41

Baoshan Iron & Steel 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															4.89	6.22	8.73	5.45	4.76

Baoshan Iron & Steel Co ROCE % Calculation

Baoshan Iron & Steel 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 )
	=	16541.372	/	( ( (398248.855 - 143987.701)	+	(376051.484 - 113960.639) )	/ 2 )
	=	16541.372	/	( (254261.154	+	262090.845)	/ 2 )
	=	16541.372	/	258175.9995
	=	6.41 %

Baoshan Iron & Steel 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 )
	=	12541.656	/	( ( (376051.484 - 113960.639)	+	(375325.131 - 110110.735) )	/ 2 )
	=	12541.656	/	( ( 262090.845	+	265214.396 )	/ 2 )
	=	12541.656	/	263652.6205
	=	4.76 %

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

Baoshan Iron & Steel Co (SHSE:600019) 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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Baoshan Iron & Steel Co (SHSE:600019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Baoshan Iron & Steel Co Ltd (SHSE:600019) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 885 Fujin Road, Baosteel Command Center, Baoshan District, Shanghai, CHN, 201900

Website

http://www.baosteel.com

Baosteel is the listed entity of the largest steel group in China. Its steel businesses--which include steel manufacturing, processing, and distribution--account for roughly 95% of its revenue. The remainder consists of information technology, chemical, finance, and e-commerce activities. The firm focuses on flat steel and commands more than 50% of the domestic China cold-rolled automotive sheet market, roughly 80% of the China grain-oriented electrical steel market, and a third of the non-oriented electrical steel market.

Baoshan Iron & Steel Co (SHSE:600019) Headlines

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