Shandong Molong Petroleum Machinery Co (HKSE:00568) ROCE % : -168.13% (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery 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. Shandong Molong Petroleum Machinery Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -168.13%.

Shandong Molong Petroleum Machinery Co ROCE % Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co ROCE % Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.56

8.36

-14.85

-24.74

-55.56

Shandong Molong Petroleum Machinery 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															-24.51	-22.89	-28.76	-168.13	202.70

Shandong Molong Petroleum Machinery Co ROCE % Calculation

Shandong Molong Petroleum Machinery 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 )
	=	-471.821	/	( ( (4509.971 - 3319.987)	+	(3158.923 - 2650.359) )	/ 2 )
	=	-471.821	/	( (1189.984	+	508.564)	/ 2 )
	=	-471.821	/	849.274
	=	-55.56 %

Shandong Molong Petroleum Machinery Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1122.116	/	( ( (3545.91 - 2719.67)	+	(3158.923 - 2650.359) )	/ 2 )
	=	-1122.116	/	( ( 826.24	+	508.564 )	/ 2 )
	=	-1122.116	/	667.402
	=	-168.13 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Shandong Molong Petroleum Machinery Co (HKSE:00568) 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.

Shandong Molong Petroleum Machinery Co ROCE % Related Terms

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Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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