Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) ROCE % : 15.28% (As of Mar. 2024)

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What is Shanxi Lu'an Environmental Energy Development 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. Shanxi Lu'an Environmental Energy Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.28%.

Shanxi Lu'an Environmental Energy Development Co ROCE % Historical Data

The historical data trend for Shanxi Lu'an Environmental Energy Development 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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Shanxi Lu'an Environmental Energy Development Co ROCE % Chart

Shanxi Lu'an Environmental Energy Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.48

10.62

25.61

41.75

21.27

Shanxi Lu'an Environmental Energy Development 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															34.89	19.74	20.71	8.81	15.28

Shanxi Lu'an Environmental Energy Development Co ROCE % Calculation

Shanxi Lu'an Environmental Energy Development 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 )
	=	12062.254	/	( ( (94805.965 - 38249.257)	+	(86762.331 - 29906.393) )	/ 2 )
	=	12062.254	/	( (56556.708	+	56855.938)	/ 2 )
	=	12062.254	/	56706.323
	=	21.27 %

Shanxi Lu'an Environmental Energy Development 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 )
	=	8874.496	/	( ( (86762.331 - 29906.393)	+	(83894.515 - 24595.235) )	/ 2 )
	=	8874.496	/	( ( 56855.938	+	59299.28 )	/ 2 )
	=	8874.496	/	58077.609
	=	15.28 %

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

Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) 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.

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Shanxi Lu'an Environmental Energy Development Co (SHSE:601699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Shanxi Lu'an Environmental Energy Development Co Ltd (SHSE:601699) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

North Street, No. 65, High - tech Development Zone, Shanxi Province, Changzhi, CHN, 046204

Website

http://www.luanhn.com

Based in Changzhi City, Shanxi Province, China, Lu'an first listed shares on the A-share market in 2006. As of late 2010, Lu'an Mining Industry Group held a 63.99% stake in Lu'an. Lu'an is mainly engaged in mining, washing, processing and distribution of coal. In 2010, the company produced 33.22 million tons of coals and sold CNY 18.2 billion worth of coal. The company's coal business had a gross margin of 47% in 2010.

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