China Suntien Green Energy (China Suntien Green Energy) ROCE % : 10.05% (As of Mar. 2024)

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What is China Suntien Green Energy 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 Suntien Green Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.05%.

China Suntien Green Energy ROCE % Historical Data

The historical data trend for China Suntien Green Energy'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 Suntien Green Energy ROCE % Chart

China Suntien Green Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.21

8.30

9.22

7.65

7.43

China Suntien Green Energy Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.56	7.26	2.65	-	10.05

China Suntien Green Energy ROCE % Calculation

China Suntien Green Energy'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 )
	=	624.107	/	( ( (11103.827 - 2755.295)	+	(11066.44 - 2618.017) )	/ 2 )
	=	624.107	/	( (8348.532	+	8448.423)	/ 2 )
	=	624.107	/	8398.4775
	=	7.43 %

China Suntien Green Energy's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	858.32	/	( ( (11066.44 - 2618.017)	+	(11070.798 - 2440.542) )	/ 2 )
	=	858.32	/	( ( 8448.423	+	8630.256 )	/ 2 )
	=	858.32	/	8539.3395
	=	10.05 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

China Suntien Green Energy (OTCPK:CSGEF) 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 Suntien Green Energy ROCE % Related Terms

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China Suntien Green Energy (China Suntien Green Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Suntien Green Energy Corp Ltd (OTCPK:CSGEF) » Definitions » ROCE %

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00956:Hong Kong 9C6:Germany 600956:China

Address

No. 9 Yuhua West Road, 9th Floor, Block A, Yuyuan Plaza, Qiaoxi District, Hebei Province, Shijiazhuang, CHN, 050001

Website

http://www.suntien.com

China Suntien Green Energy is engaged in the wind power, photovoltaic, and natural gas businesses. The natural gas segment is involved in the sales of natural gas and gas appliances, and the provision of construction and connection services of natural gas pipelines. The wind and solar energy segment sells electricity to external grid companies by operating wind farms and solar energy plants. In 2022, the firm's natural gas transmission volume was 4,501 million cubic meters, while sales volume of electricity was 13.87 billion kilowatt-hours. As of end-2022, the firm had consolidated renewable energy (wind and solar) installed capacity of 5.94 gigawatts.

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