JY Gas (HKSE:01407) ROCE % : 6.26% (As of Dec. 2023)

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What is JY Gas 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. JY Gas's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.26%.

JY Gas ROCE % Historical Data

The historical data trend for JY Gas'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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JY Gas ROCE % Chart

JY Gas Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

145.32

83.39

69.56

32.94

11.71

JY Gas Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	52.50	25.28	17.26	6.26

JY Gas ROCE % Calculation

JY Gas'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 )
	=	40.174	/	( ( (559.892 - 216.068)	+	(600.799 - 258.419) )	/ 2 )
	=	40.174	/	( (343.824	+	342.38)	/ 2 )
	=	40.174	/	343.102
	=	11.71 %

JY Gas'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 )
	=	21.338	/	( ( (533.724 - 193.889)	+	(600.799 - 258.419) )	/ 2 )
	=	21.338	/	( ( 339.835	+	342.38 )	/ 2 )
	=	21.338	/	341.1075
	=	6.26 %

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

JY Gas (HKSE:01407) 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.

JY Gas ROCE % Related Terms

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JY Gas (HKSE:01407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JY Gas Ltd (HKSE:01407) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2568 Shi’an Road (West), 3rd Floor, Jiaoyun Group Building, Gaomi City, Weifang Municipality, Shandong Provinc, Weifang, CHN

Website

http://www.gmjytrq.com

JY Gas Ltd is a natural gas operator in Gaomi City, Weifang Municipality of Shandong Province. The company derives revenue from the sale of natural gas. Natural gas which it sells includes pipeline natural gas, compressed natural gas and liquefied natural gas. The sale of pipelined natural gas is its principal business.

Executives

Luan Xiaolong	2201 Interest of corporation controlled by you
Zhou Zhan	2202 Interest of your spouse
Lxl Phoenix Limited	2101 Beneficial owner
Cui Shuhua	2202 Interest of your spouse
Llj Phoenix Limited	2101 Beneficial owner
Luan Linjiang	2201 Interest of corporation controlled by you
Sdjy Holding Limited	2201 Interest of corporation controlled by you
Segm Holding Limited	2101 Beneficial owner

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