China Nonferrous Metal Industry's Foreign Engineeringnstruction Co (SZSE:000758) ROCE % : 12.88% (As of Mar. 2024)

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What is China Nonferrous Metal Industry's Foreign Engineeringnstruction 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 Nonferrous Metal Industry's Foreign Engineeringnstruction Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.88%.

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co ROCE % Historical Data

The historical data trend for China Nonferrous Metal Industry's Foreign Engineeringnstruction 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 Nonferrous Metal Industry's Foreign Engineeringnstruction Co ROCE % Chart

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.94

-0.24

4.12

5.83

7.65

China Nonferrous Metal Industry's Foreign Engineeringnstruction 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															8.96	14.81	4.18	3.14	12.88

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co ROCE % Calculation

China Nonferrous Metal Industry's Foreign Engineeringnstruction 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 )
	=	836.448	/	( ( (20050.396 - 9695.648)	+	(19523.594 - 8022.564) )	/ 2 )
	=	836.448	/	( (10354.748	+	11501.03)	/ 2 )
	=	836.448	/	10927.889
	=	7.65 %

China Nonferrous Metal Industry's Foreign Engineeringnstruction 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 )
	=	1512.076	/	( ( (19523.594 - 8022.564)	+	(19433.983 - 7463.733) )	/ 2 )
	=	1512.076	/	( ( 11501.03	+	11970.25 )	/ 2 )
	=	1512.076	/	11735.64
	=	12.88 %

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

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co (SZSE:000758) 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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China Nonferrous Metal Industry's Foreign Engineeringnstruction Co (SZSE:000758) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Metal Industry's Foreign Engineering & Construction Co Ltd (SZSE:000758) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

NFC Building,10 Anding Road, Beijing, CHN, 100029

Website

http://www.nfc.com.cn

China Nonferrous Metal Industry's Foreign Engineering & Construction Co Ltd is mainly engaged in nonferrous metal resources exploitation. The company has established its major markets in the Middle East, Central and North Asia, Central and South Africa.

Executives

Wang Xin Yu	Executives
Zhang Shi Li	Executives
Xie Ya Heng	Executives
Zhao Yu Feng	Executives
Gong Xin Yong	Executives
Ma Jin Ping	Executives
Gao De Hua	Executives
Qin Jun Man	Executives
Wang Hong Qian	Directors, executives
Li Xiao Feng	Executives
Du Bin	Directors, executives
Zou Qiao	Director

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co (SZSE:000758) Headlines

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