Huili Resources (Group) (HKSE:01303) ROCE % : 28.33% (As of Dec. 2023)

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What is Huili 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. Huili Resources (Group)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 28.33%.

Huili Resources (Group) ROCE % Historical Data

The historical data trend for Huili 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.

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Huili Resources (Group) ROCE % Chart

Huili Resources (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.98

-2.69

-3.28

40.37

28.17

Huili 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															-3.82	11.77	70.41	29.30	28.33

Huili Resources (Group) ROCE % Calculation

Huili 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 )
	=	224.425	/	( ( (969.752 - 290.135)	+	(1725.753 - 811.762) )	/ 2 )
	=	224.425	/	( (679.617	+	913.991)	/ 2 )
	=	224.425	/	796.804
	=	28.17 %

Huili 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 )
	=	237.51	/	( ( (1574.907 - 812.085)	+	(1725.753 - 811.762) )	/ 2 )
	=	237.51	/	( ( 762.822	+	913.991 )	/ 2 )
	=	237.51	/	838.4065
	=	28.33 %

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

Huili Resources (Group) (HKSE:01303) 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.

Huili Resources (Group) ROCE % Related Terms

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Huili Resources (Group) (HKSE:01303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Huili Resources (Group) Ltd (HKSE:01303) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Unit no.4, 23rd Floor, Overseas Trust Bank Building, No. 160 Gloucester Road, Hong Kong, HKG

Website

http://www.huili.hk

Huili Resources (Group) Ltd is an investment holding company, engaged in the mining, ore processing and sales of gold, nickel, copper, lead and zinc products, trading of materials for oil and gas exploration and coals, and financial services in the People's Republic of China. It operates through three business segments namely Mining, Financial service, and Coal business. The company derives the majority of its revenue from the Coal business segment which involve trading in coal.

Huili Resources (Group) (HKSE:01303) Headlines

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