Nanjing Hanrui Cobalt Co (SZSE:300618) ROCE % : 4.03% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Nanjing Hanrui Cobalt 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. Nanjing Hanrui Cobalt Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.03%.

Nanjing Hanrui Cobalt Co ROCE % Historical Data

The historical data trend for Nanjing Hanrui Cobalt 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.

Nanjing Hanrui Cobalt Co ROCE % Chart

Nanjing Hanrui Cobalt Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

0.14

13.49

18.46

7.02

3.69

Nanjing Hanrui Cobalt 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															0.88	4.53	7.18	2.35	4.03

Nanjing Hanrui Cobalt Co ROCE % Calculation

Nanjing Hanrui Cobalt 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 )
	=	205.063	/	( ( (7432.48 - 1804.161)	+	(7773.139 - 2271.996) )	/ 2 )
	=	205.063	/	( (5628.319	+	5501.143)	/ 2 )
	=	205.063	/	5564.731
	=	3.69 %

Nanjing Hanrui Cobalt 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 )
	=	228.884	/	( ( (7773.139 - 2271.996)	+	(8185.934 - 2328.798) )	/ 2 )
	=	228.884	/	( ( 5501.143	+	5857.136 )	/ 2 )
	=	228.884	/	5679.1395
	=	4.03 %

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

Nanjing Hanrui Cobalt Co (SZSE:300618) 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.

Nanjing Hanrui Cobalt Co ROCE % Related Terms

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

Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nanjing Hanrui Cobalt Co Ltd (SZSE:300618) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100

Website

http://www.hrcobalt.com

Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

Nanjing Hanrui Cobalt Co (SZSE:300618) Headlines

No Headlines