Sinostar Pec Holdings (SGX:C9Q) ROCE % : 12.55% (As of Dec. 2023)

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What is Sinostar Pec Holdings 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. Sinostar Pec Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.55%.

Sinostar Pec Holdings ROCE % Historical Data

The historical data trend for Sinostar Pec Holdings'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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Sinostar Pec Holdings ROCE % Chart

Sinostar Pec Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.59

17.56

20.09

7.32

21.14

Sinostar Pec Holdings 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															5.28	6.65	2.71	66.33	12.55

Sinostar Pec Holdings ROCE % Calculation

Sinostar Pec Holdings'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 )
	=	84.661	/	( ( (499.276 - 81.647)	+	(471.13 - 87.948) )	/ 2 )
	=	84.661	/	( (417.629	+	383.182)	/ 2 )
	=	84.661	/	400.4055
	=	21.14 %

Sinostar Pec Holdings'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 )
	=	48.64	/	( ( (489.588 - 97.524)	+	(471.13 - 87.948) )	/ 2 )
	=	48.64	/	( ( 392.064	+	383.182 )	/ 2 )
	=	48.64	/	387.623
	=	12.55 %

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

Sinostar Pec Holdings (SGX:C9Q) 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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Sinostar Pec Holdings (SGX:C9Q) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinostar Pec Holdings Ltd (SGX:C9Q) » Definitions » ROCE %

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Address

27 Huanghe Road, Shandong Province, Dongming County, Heze, CHN, 274500

Website

http://www.sinostar-pec.com

Sinostar Pec Holdings Ltd is a producer and supplier of downstream petrochemical products. The key products of the company are Processed LPG, Propylene, Purified Isobutylene, Hydrogen, Methyl Tert-butyl Ether (MTBE), Polypropylene and Logistics and Transport. The company operates in two segments that are Gas Seperation, and Trasport and Logistic Service. Processed LPG is a type of liquefied petroleum gas used as a source of fuel by households and industrial manufacturers mainly sold as household fuel through LPG distributors. All the operations of the company are principally carried out in China.

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