Hunan Gold (SZSE:002155) ROCE % : 11.78% (As of Mar. 2024)

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What is Hunan Gold 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. Hunan Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.78%.

Hunan Gold ROCE % Historical Data

The historical data trend for Hunan Gold'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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Hunan Gold ROCE % Chart

Hunan Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.79

5.40

6.98

8.51

9.39

Hunan Gold 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															7.91	12.83	7.88	8.98	11.78

Hunan Gold ROCE % Calculation

Hunan Gold'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 )
	=	591.579	/	( ( (7329.432 - 1220.775)	+	(7585.363 - 1092.386) )	/ 2 )
	=	591.579	/	( (6108.657	+	6492.977)	/ 2 )
	=	591.579	/	6300.817
	=	9.39 %

Hunan Gold'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 )
	=	774.6	/	( ( (7585.363 - 1092.386)	+	(7584.703 - 921.777) )	/ 2 )
	=	774.6	/	( ( 6492.977	+	6662.926 )	/ 2 )
	=	774.6	/	6577.9515
	=	11.78 %

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

Hunan Gold (SZSE:002155) 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.

Hunan Gold ROCE % Related Terms

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Hunan Gold (SZSE:002155) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hunan Gold Corp Ltd (SZSE:002155) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Furong Middle Road, 16th Floor, Jinyuan Hotel, Section 2, Yuhua District, Hunan, Changsha, CHN

Website

http://www.hngoldcorp.com

Hunan Gold Corp Ltd is a China-based company engaged in the exploration, mining, smelting, and processing of nonferrous metal. Its main products include gold, pure antimony, antimony oxide, ethylene glycol antimony and tungsten products. Its gold products include gold ingots and gold bars. The company distributes its products in domestic and overseas markets.

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