Beijing Enterprises Holdings (FRA:BJEB) ROCE %

: 8.72% (As of Jun. 2023)

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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. Beijing Enterprises Holdings's annualized ROCE % for the quarter that ended in Jun. 2023 was 8.72%.

Beijing Enterprises Holdings ROCE % Historical Data

The historical data trend for Beijing Enterprises 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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Beijing Enterprises Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

8.18

5.51

8.74

7.24

6.38

Beijing Enterprises Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %																6.68	8.69	5.46	8.72	3.24

Beijing Enterprises Holdings ROCE % Calculation

Beijing Enterprises Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1385.817	/	( ( (25284.974 - 6786.455)	+	(26805.478 - 7003.016) )	/ 2 )
	=	1385.817	/	( (18498.519	+	19802.462)	/ 2 )
	=	1385.817	/	19150.4905
	=	7.24 %

Beijing Enterprises Holdings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	1737.616	/	( ( (26805.478 - 7003.016)	+	(26469.116 - 6414.719) )	/ 2 )
	=	1737.616	/	( ( 19802.462	+	20054.397 )	/ 2 )
	=	1737.616	/	19928.4295
	=	8.72 %

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

Beijing Enterprises Holdings (FRA:BJEB) 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.

Beijing Enterprises Holdings ROCE % Related Terms

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Beijing Enterprises Holdings (FRA:BJEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Beijing Enterprises Holdings Ltd (FRA:BJEB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BJINF:USA 00392:Hong Kong BJEB:Germany

Address

18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.behl.com.hk

Beijing Enterprises Holdings was founded in 1997 and it is the listed flagship of the Beijing municipal government. It has a diversified business portfolio with focus on public utilities, including gas distribution and transmission, sewage and water treatment, and waste-to-energy business. It also invests in an upstream Russia oil and gas company, and owns 80% of Yanjing Brewery, one of the leading domestic brewers. The business mix is approximately 70% in gas operation, with the rest in water, waste treatment, and beer businesses.

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