China Oil And Gas Group (China Oil And Gas Group) ROCE % : 1.67% (As of Dec. 2023)

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What is China Oil And Gas Group 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 Oil And Gas Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.67%.

China Oil And Gas Group ROCE % Historical Data

The historical data trend for China Oil And Gas Group'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 Oil And Gas Group ROCE % Chart

China Oil And Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.28

7.05

15.53

14.42

9.36

China Oil And Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															18.76	13.56	12.86	16.06	1.67

China Oil And Gas Group ROCE % Calculation

China Oil And Gas Group'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 )
	=	147.071	/	( ( (2788.503 - 1207.732)	+	(2668.577 - 1105.219) )	/ 2 )
	=	147.071	/	( (1580.771	+	1563.358)	/ 2 )
	=	147.071	/	1572.0645
	=	9.36 %

China Oil And Gas Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	27.516	/	( ( (2736.026 - 1005.745)	+	(2668.577 - 1105.219) )	/ 2 )
	=	27.516	/	( ( 1730.281	+	1563.358 )	/ 2 )
	=	27.516	/	1646.8195
	=	1.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Oil And Gas Group (OTCPK:CLSZF) 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.

China Oil And Gas Group ROCE % Related Terms

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China Oil And Gas Group (China Oil And Gas Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oil And Gas Group Ltd (OTCPK:CLSZF) » Definitions » ROCE %

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00603:Hong Kong GPI1:Germany

Address

255-257 Gloucester Road, Suite 2805, 28th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

https://www.hk603.com

China Oil And Gas Group Ltd and its subsidiaries are principally engaged in investment in natural gas and energy-related business. The business operations of the company include piped city gas business, pipeline design, and construction; transportation, distribution and sale of compressed natural gas and liquefied natural gas; and development, production and sale of crude oil and gas and other upstream energy resources. The company operates through the segments of Sales and distribution of natural gas and other related products; Gas pipeline construction and connection; Exploitation and production of crude oil and natural gas; and Production and sales of coal gasification and other related products. The majority of the company's revenue comes from Mainland China.