Asia Energy logistics Group (HKSE:00351) ROCE % : 13.07% (As of Dec. 2023)

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What is Asia Energy logistics Group 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. Asia Energy logistics Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.07%.

Asia Energy logistics Group ROCE % Historical Data

The historical data trend for Asia Energy logistics Group'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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Asia Energy logistics Group ROCE % Chart

Asia Energy logistics Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.53

-17.07

-25.26

8.84

Asia Energy logistics Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.85	-26.64	-21.12	3.12	13.07

Asia Energy logistics Group ROCE % Calculation

Asia Energy logistics Group'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 )
	=	14.93	/	( ( (207.696 - 68.273)	+	(219.949 - 21.757) )	/ 2 )
	=	14.93	/	( (139.423	+	198.192)	/ 2 )
	=	14.93	/	168.8075
	=	8.84 %

Asia Energy logistics Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	24.846	/	( ( (208.417 - 26.466)	+	(219.949 - 21.757) )	/ 2 )
	=	24.846	/	( ( 181.951	+	198.192 )	/ 2 )
	=	24.846	/	190.0715
	=	13.07 %

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

Asia Energy logistics Group (HKSE:00351) 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.

Asia Energy logistics Group ROCE % Related Terms

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Asia Energy logistics Group (HKSE:00351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Energy logistics Group Ltd (HKSE:00351) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

26 Harbour Road, China Resources Building, Room 2906, 29 Floor, Wanchai, Hong Kong, HKG

Website

https://www.aelg.com.hk

Asia Energy logistics Group Ltd operates through the Telecommunication related business and Shipping and logistics segments. The Shipping and logistics segment which generates the majority of the revenue focuses on investment in owning and operating vessels, coal shipment logistics services, acquisition, management, and operation of terminals, as well as related logistics operations.

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