Metallurgical of China (SHSE:601618) ROCE % : 7.87% (As of Mar. 2024)

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What is Metallurgical of China 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. Metallurgical of China's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.87%.

Metallurgical of China ROCE % Historical Data

The historical data trend for Metallurgical of China'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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Metallurgical of China ROCE % Chart

Metallurgical of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.46

8.82

8.99

9.38

7.96

Metallurgical of China 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															10.59	10.14	5.50	3.84	7.87

Metallurgical of China ROCE % Calculation

Metallurgical of China'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 )
	=	16408.082	/	( ( (585392.827 - 385844.649)	+	(661602.236 - 448818.443) )	/ 2 )
	=	16408.082	/	( (199548.178	+	212783.793)	/ 2 )
	=	16408.082	/	206165.9855
	=	7.96 %

Metallurgical of China'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 )
	=	17208.696	/	( ( (661602.236 - 448818.443)	+	(703095.119 - 478417.911) )	/ 2 )
	=	17208.696	/	( ( 212783.793	+	224677.208 )	/ 2 )
	=	17208.696	/	218730.5005
	=	7.87 %

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

Metallurgical of China (SHSE:601618) 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.

Metallurgical of China ROCE % Related Terms

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Metallurgical of China (SHSE:601618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Metallurgical Corp of China Ltd (SHSE:601618) » Definitions » ROCE %

Traded in Other Exchanges

MLLUY:USA 01618:Hong Kong 6MT:Germany

Address

No. 28, Shuguang Xili, MCC Tower, Chaoyang DIstrict, Beijing, CHN, 100028

Website

http://www.mccchina.com

Metallurgical Corp of China Ltd is a metallurgical engineering and construction group operating primarily in China. The segments through which business is conducted are Engineering contracting business, the Property development business, Equipment Manufacturing business, the Resource development business, and Other businesses. It generates most revenues from the Engineering contracting business segment. Geographically, it derives most of its revenue from China.

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