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Qinghailt Lake Industry Co (SZSE:000792) ROCE % : 31.28% (As of Dec. 2023)


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What is Qinghailt Lake Industry 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. Qinghailt Lake Industry Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.28%.


Qinghailt Lake Industry Co ROCE % Historical Data

The historical data trend for Qinghailt Lake Industry 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.

Qinghailt Lake Industry Co ROCE % Chart

Qinghailt Lake Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -266.69 78.70 32.71 81.81 30.81

Qinghailt Lake Industry Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.39 34.40 39.00 12.65 31.28

Qinghailt Lake Industry Co ROCE % Calculation

Qinghailt Lake Industry 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 )
=10862.032/( ( (42130.647 - 8625.623) + (46407.287 - 9392.085) )/ 2 )
=10862.032/( (33505.024+37015.202)/ 2 )
=10862.032/35260.113
=30.81 %

Qinghailt Lake Industry Co'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: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=12230.34/( ( (50121.339 - 8926.394) + (46407.287 - 9392.085) )/ 2 )
=12230.34/( ( 41194.945 + 37015.202 )/ 2 )
=12230.34/39105.0735
=31.28 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

* 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.


Qinghailt Lake Industry Co  (SZSE:000792) 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.


Qinghailt Lake Industry Co ROCE % Related Terms

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Qinghailt Lake Industry Co (SZSE:000792) Business Description

Traded in Other Exchanges
N/A
Address
Qinghai Yellow River Road on the 28th, Golmud, CHN, 816000
Qinghai Salt Lake Industry Co Ltd operates in the dry inland Qarhan Salt Lake in Qinghai province. It is engaged in salt lake resource extraction and potash production. The company is engaged in the manufacture of chemical raw materials and chemical products. The company is located in Golmud City, Qinghai Province and is the largest potash fertilizer industrial production base in China.

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