China Energy Development Holdings (HKSE:00228) ROCE % : 6.00% (As of Jun. 2024)

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What is China Energy Development 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. China Energy Development Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.00%.

China Energy Development Holdings ROCE % Historical Data

The historical data trend for China Energy Development 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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China Energy Development Holdings ROCE % Chart

China Energy Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.84

0.32

11.40

6.85

6.86

China Energy Development 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															8.63	4.51	7.29	6.68	6.00

China Energy Development Holdings ROCE % Calculation

China Energy Development 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 )
	=	139.941	/	( ( (2560.109 - 543.941)	+	(2366.42 - 304.698) )	/ 2 )
	=	139.941	/	( (2016.168	+	2061.722)	/ 2 )
	=	139.941	/	2038.945
	=	6.86 %

China Energy Development 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 )
	=	124.114	/	( ( (2366.42 - 304.698)	+	(2317.781 - 245.215) )	/ 2 )
	=	124.114	/	( ( 2061.722	+	2072.566 )	/ 2 )
	=	124.114	/	2067.144
	=	6.00 %

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

China Energy Development Holdings (HKSE:00228) 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 Energy Development Holdings ROCE % Related Terms

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China Energy Development Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Energy Development Holdings Ltd (HKSE:00228) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Yeung Uk Road, Office J, 29th Floor, Plaza 88, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.cnenergy.com.hk

China Energy Development Holdings Ltd is engaged in oil and gas exploration; distribution of natural gas; sales of food and beverages and money lending business in Hong Kong. Its segments include revenue-generating segments: The Exploration, Production, and Distribution of Natural Gas segment engaged in the exploration, development, production, and sales of natural gas and the usage of pipelines for the distribution of natural gas; The Sales of Food and Beverages Business segment is engaged in the sales of food and beverages; and The Money Lending Business segment is engaged in the provision of loans to third parties.

Executives

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Si Chuan Li Ming Neng Yuan Kai Fa You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Xin Jiang Xin Tai Tian Ran Qi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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