BJGBF (Beijing Gas Blue Sky Holdings) ROCE % : 8.35% (As of Jun. 2024)

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What is Beijing Gas Blue Sky 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. Beijing Gas Blue Sky Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.35%.

Beijing Gas Blue Sky Holdings ROCE % Historical Data

The historical data trend for Beijing Gas Blue Sky 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 Gas Blue Sky Holdings ROCE % Chart

Beijing Gas Blue Sky Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.75

-114.55

-11.67

8.74

10.93

Beijing Gas Blue Sky Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															18.87	9.72	9.05	13.21	8.35

Beijing Gas Blue Sky Holdings ROCE % Calculation

Beijing Gas Blue Sky 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 )
	=	38.921	/	( ( (670.577 - 316.947)	+	(651.331 - 292.496) )	/ 2 )
	=	38.921	/	( (353.63	+	358.835)	/ 2 )
	=	38.921	/	356.2325
	=	10.93 %

Beijing Gas Blue Sky Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	30.214	/	( ( (651.331 - 292.496)	+	(663.204 - 298.022) )	/ 2 )
	=	30.214	/	( ( 358.835	+	365.182 )	/ 2 )
	=	30.214	/	362.0085
	=	8.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Beijing Gas Blue Sky Holdings (OTCPK:BJGBF) 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 Gas Blue Sky Holdings ROCE % Related Terms

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Beijing Gas Blue Sky Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Beijing Gas Blue Sky Holdings Ltd (OTCPK:BJGBF) » Definitions » ROCE %

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Traded in Other Exchanges

06828:Hong Kong KO32:Germany

Address

200 Connaught Road, Room 3402-4, 34th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.bgbluesky.com

Beijing Gas Blue Sky Holdings Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the sales of natural gas and other related products. It operates in Natural gas refueling stations, Trading and distribution of natural gas, Direct supply to industrial users, and City gas operation segments. The company generates a majority of its revenue from the Trading and distribution of natural gas segment which trades and distributes CNG, LNG, fuel oil, and other related oil by-products as a wholesaler to industrial and commercial users. Geographically, the company derives a majority of its revenue from Mainland China.

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