Silk Road Energy Services Group (HKSE:08250) ROCE % : -2.41% (As of Dec. 2023)

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What is Silk Road Energy Services 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. Silk Road Energy Services Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.41%.

Silk Road Energy Services Group ROCE % Historical Data

The historical data trend for Silk Road Energy Services 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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Silk Road Energy Services Group ROCE % Chart

Silk Road Energy Services Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-2.10

-21.16

-5.24

-3.47

-0.25

Silk Road Energy Services Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.46	6.97	9.30	-3.09	-2.41

Silk Road Energy Services Group ROCE % Calculation

Silk Road Energy Services Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.89	/	( ( (455.448 - 101.689)	+	(480.292 - 126.701) )	/ 2 )
	=	-0.89	/	( (353.759	+	353.591)	/ 2 )
	=	-0.89	/	353.675
	=	-0.25 %

Silk Road Energy Services 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: 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 )
	=	-8.304	/	( ( (0 - 0)	+	(437.644 - 93.19) )	/ 1 )
	=	-8.304	/	( ( 0	+	344.454 )	/ 1 )
	=	-8.304	/	344.454
	=	-2.41 %

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

Silk Road Energy Services Group (HKSE:08250) 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.

Silk Road Energy Services Group ROCE % Related Terms

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Silk Road Energy Services Group (HKSE:08250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Silk Road Energy Services Group Ltd (HKSE:08250) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

166 -168 Gloucester Road, 16th Floor, Sing Ho Financial Building, Hong Kong, HKG

Website

https://www.silkroadenergy.com.hk

Silk Road Energy Services Group Ltd is a Hong Kong-based investment holding company involved in the coal mining business. It operates through given segments Trading fresh produce products, Coal mining and construction services, Money lending and Heating supply services. Its business is spread across Hong Kong, the People's Republic of China, and Mongolia. The majority of the revenue is contributed by Trading of fresh produce products.

Executives

Xu Gongming	2201 Interest of corporation controlled by you
Hong Shu Wan Tou Zi Ji Tuan Guo Ji You Xian Gong Si	2101 Beneficial owner
Yan Weiwei	2201 Interest of corporation controlled by you
Xing Lian Ke Ji You Xian Gong Si	2101 Beneficial owner
Wei Kai	2101 Beneficial owner
Chen Ying	2101 Beneficial owner
Liao Xiaofang	2101 Beneficial owner

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