Sino Oil and Gas Holdings (HKSE:00702) ROCE %: 38.99% (As of Jun. 2024)

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HKSE:00702 Sino Oil and Gas Holdings Ltd HKSE:00702
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Price HK$0.03
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What is Sino Oil and Gas Holdings ROCE %?

Sino Oil and Gas Holdings HKSE:00702 4 ROCE % is 38.99% as of Jun. 2024. GuruFocus rates HKSE:00702 with a GF Score™ of 4/100.

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. Sino Oil and Gas Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 38.99%.

Sino Oil and Gas Holdings  (HKSE:00702) 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.

Sino Oil and Gas Holdings ROCE % Related Terms

Sino Oil and Gas Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Sino Oil and Gas 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.

Sino Oil and Gas Holdings ROCE % Chart

Sino Oil and Gas Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.49 -17.53 -11.77 -65.29

Sino Oil and Gas 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.60 -27.90 5.48 -154.65 38.99
HKSE:00702
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Sino Oil and Gas Holdings Ltd HKSE:00702
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sino Oil and Gas Holdings ROCE % Calculation

Sino Oil and Gas 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 )
=-782.408/( ( (4641.04 - 2836.128) + (3731.764 - 3139.832) )/ 2 )
=-782.408/( (1804.912+591.932)/ 2 )
=-782.408/1198.422
=-65.29 %

Sino Oil and Gas 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 )
=154.546/( ( (3731.764 - 3139.832) + (3581.919 - 3381.007) )/ 2 )
=154.546/( ( 591.932 + 200.912 )/ 2 )
=154.546/396.422
=38.99 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 38.99% mean?
Sino Oil and Gas Holdings (HKSE:00702) has a ROCE % of 38.99% as of Jun. 2024.
Is Sino Oil and Gas Holdings' ROCE % too high?
Sino Oil and Gas Holdings' current ROCE % is 38.99%. The Other Energy Sources industry median ROCE % is 1.29. Sino Oil and Gas Holdings' value of 38.99% is 2934.2% above this industry median. Overall, Sino Oil and Gas Holdings has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Sino Oil and Gas Holdings' ROCE % compare to competitors?
Sino Oil and Gas Holdings' ROCE % of 38.99% can be compared against companies in the Other Energy Sources industry. The industry median ROCE % is 1.29. Sino Oil and Gas Holdings' value of 38.99% is 2934.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Other Energy Sources company?
The median ROCE % among Other Energy Sources companies is 1.29, based on 180 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sino Oil and Gas Holdings's current ROCE % of 38.99% is 2934.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Other Energy Sources industry, the median ROCE % is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Oil and Gas Holdings's current ROCE % is 38.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Oil and Gas Holdings stock overvalued right now?
Sino Oil and Gas Holdings (HKSE:00702) has a current ROCE % of 38.99%. The current ROCE % is 38.99% and 2934.2% above the Other Energy Sources industry median of 1.29. Sino Oil and Gas Holdings' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Sino Oil and Gas Holdings (HKSE:00702), the current ROCE % is 38.99% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sino Oil and Gas Holdings Business Description

Address 188 Connaught Road West, Room 3710, 37th Floor, Hong Kong Plaza, Hong Kong, HKG
Sino Oil and Gas Holdings Ltd is an investment holding company. It operates in four segments, namely Coalbed methane, which includes exploration, development, and production of coalbed methane; Raw & cleaned coal, which consists of raw coal washing and sale of raw and cleaned coal; Oil and gas exploitation segment is into exploitation and sale of crude oil and natural gas; and Financial Services. The group generates the majority of its revenues from the Coalbed methane segment. It geographically earns revenues from the People's Republic of China.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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