China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) ROCE % : 2.93% (As of Mar. 2024)

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What is China Northern Rare Earth (Group) High-Tech 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. China Northern Rare Earth (Group) High-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.93%.

China Northern Rare Earth (Group) High-Tech Co ROCE % Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech 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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China Northern Rare Earth (Group) High-Tech Co ROCE % Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.01

8.16

30.39

29.96

11.55

China Northern Rare Earth (Group) High-Tech 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															16.84	3.21	8.21	16.86	2.93

China Northern Rare Earth (Group) High-Tech Co ROCE % Calculation

China Northern Rare Earth (Group) High-Tech 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 )
	=	3382.827	/	( ( (36646.193 - 9320.47)	+	(40496.655 - 9248.138) )	/ 2 )
	=	3382.827	/	( (27325.723	+	31248.517)	/ 2 )
	=	3382.827	/	29287.12
	=	11.55 %

China Northern Rare Earth (Group) High-Tech 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 )
	=	921.728	/	( ( (40496.655 - 9248.138)	+	(41828.179 - 10055.362) )	/ 2 )
	=	921.728	/	( ( 31248.517	+	31772.817 )	/ 2 )
	=	921.728	/	31510.667
	=	2.93 %

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

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) 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.

China Northern Rare Earth (Group) High-Tech Co ROCE % Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

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