Inner Mongolia Dian Tou Energy (SZSE:002128) ROCE % : 23.77% (As of Mar. 2024)

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What is Inner Mongolia Dian Tou Energy 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. Inner Mongolia Dian Tou Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.77%.

Inner Mongolia Dian Tou Energy ROCE % Historical Data

The historical data trend for Inner Mongolia Dian Tou Energy'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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Inner Mongolia Dian Tou Energy ROCE % Chart

Inner Mongolia Dian Tou Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.90

14.80

21.20

17.72

15.07

Inner Mongolia Dian Tou Energy 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															21.41	12.08	13.33	11.17	23.77

Inner Mongolia Dian Tou Energy ROCE % Calculation

Inner Mongolia Dian Tou Energy'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 )
	=	5974.28	/	( ( (42120.106 - 5511.302)	+	(48501.175 - 5816.302) )	/ 2 )
	=	5974.28	/	( (36608.804	+	42684.873)	/ 2 )
	=	5974.28	/	39646.8385
	=	15.07 %

Inner Mongolia Dian Tou Energy'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 )
	=	10441.808	/	( ( (48501.175 - 5816.302)	+	(51853.739 - 6690.438) )	/ 2 )
	=	10441.808	/	( ( 42684.873	+	45163.301 )	/ 2 )
	=	10441.808	/	43924.087
	=	23.77 %

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

Inner Mongolia Dian Tou Energy (SZSE:002128) 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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Inner Mongolia Dian Tou Energy (SZSE:002128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Inner Mongolia Dian Tou Energy Corp Ltd (SZSE:002128) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Zhelimu Avenue, Huolinguole, Inner Mongolia, CHN, 029200

Website

http://www.zdhm.com.cn

Huolinhe Opencut Coal Industry Corp Ltd Of Inner Mongolia operates in the coal industry. The company's main business is the production and sales of coal products; thermal power generation, coal mining and power generation.

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