Chongyi Zhangyuan Tungsten Co (SZSE:002378) ROCE % : 8.25% (As of Mar. 2024)

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What is Chongyi Zhangyuan Tungsten 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. Chongyi Zhangyuan Tungsten Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.25%.

Chongyi Zhangyuan Tungsten Co ROCE % Historical Data

The historical data trend for Chongyi Zhangyuan Tungsten 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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Chongyi Zhangyuan Tungsten Co ROCE % Chart

Chongyi Zhangyuan Tungsten Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.62

4.95

10.74

10.95

8.58

Chongyi Zhangyuan Tungsten 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															7.94	10.32	6.78	8.47	8.25

Chongyi Zhangyuan Tungsten Co ROCE % Calculation

Chongyi Zhangyuan Tungsten 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 )
	=	242.417	/	( ( (4791.741 - 1856.014)	+	(4875.765 - 2161.98) )	/ 2 )
	=	242.417	/	( (2935.727	+	2713.785)	/ 2 )
	=	242.417	/	2824.756
	=	8.58 %

Chongyi Zhangyuan Tungsten 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 )
	=	228.864	/	( ( (4875.765 - 2161.98)	+	(4775.459 - 1940.593) )	/ 2 )
	=	228.864	/	( ( 2713.785	+	2834.866 )	/ 2 )
	=	228.864	/	2774.3255
	=	8.25 %

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

Chongyi Zhangyuan Tungsten Co (SZSE:002378) 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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Chongyi Zhangyuan Tungsten Co (SZSE:002378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chongyi Zhangyuan Tungsten Co Ltd (SZSE:002378) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Chongyi, Ganzhou, Jiangxi, CHN, 341300

Website

http://www.zy-tungsten.com

Chongyi Zhangyuan Tungsten Co Ltd is engaged in tungsten mining, smelting, milling, hard alloying, deep processing, and trade.

Executives

Liu Ji	Directors, Directors, and Executives
Huang Wen	Executives
Huang Ze Hui	Executives
Zhao Li Fu	Directors, executives
Zhang Zong Wei	Supervisors
Shi Yu Sheng	Executives
Huang Shi Chun	Directors, executives
Fan Di Yao	Directors, executives
Lai Chang Hong	Executives
Yang Gui Bin	Executives
Huang Ze Lan	Director
Yu Yue Guang	Director

Chongyi Zhangyuan Tungsten Co (SZSE:002378) Headlines

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