Kunlun Energy Co (HKSE:00135) ROCE % : 14.12% (As of Jun. 2024)

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What is Kunlun Energy Co 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. Kunlun Energy Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 14.12%.

Kunlun Energy Co ROCE % Historical Data

The historical data trend for Kunlun Energy Co'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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Kunlun Energy Co ROCE % Chart

Kunlun Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.46

8.30

11.07

11.58

12.57

Kunlun Energy Co 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															13.30	10.61	13.65	11.82	14.12

Kunlun Energy Co ROCE % Calculation

Kunlun Energy Co'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 )
	=	14823.985	/	( ( (155102.741 - 38397.119)	+	(156978.052 - 37826.155) )	/ 2 )
	=	14823.985	/	( (116705.622	+	119151.897)	/ 2 )
	=	14823.985	/	117928.7595
	=	12.57 %

Kunlun Energy Co'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 )
	=	16492.646	/	( ( (156978.052 - 37826.155)	+	(153221.204 - 38774.943) )	/ 2 )
	=	16492.646	/	( ( 119151.897	+	114446.261 )	/ 2 )
	=	16492.646	/	116799.079
	=	14.12 %

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

Kunlun Energy Co (HKSE:00135) 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.

Kunlun Energy Co ROCE % Related Terms

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Kunlun Energy Co Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kunlun Energy Co Ltd (HKSE:00135) » Definitions » ROCE %

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KUNUF:USA KLYCY:USA CTJ1:Germany

Address

118 Connaught Road West, 39th Floor, Hong Kong, HKG

Website

https://www.kunlun.com.hk

Kunlun Energy Co Ltd is an integrated oil and gas service company. The firm is engaged in multiple activities which include exploration and production operations at its oils fields located internationally, operating natural gas pipeline mainly providing support services to the oil and gas industry, and offers processing and storage facilities of liquified natural gas(LNG), and sale of sale of LNG and liquified petroleum gas across China. The group is engaged in a broad range of oil and gas related activities and derives its revenue from its four operating divisions: Natural Gas Sales, Sales of LPG, LNG Processing and Terminal and sale of crude oil.

Executives

China National Petroleum Corporation

2101 Beneficial owner

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