Shanghai Dazhong Public Utilities Group Co (HKSE:01635) ROCE % : 6.74% (As of Jun. 2024)

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What is Shanghai Dazhong Public Utilities Group 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. Shanghai Dazhong Public Utilities Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.74%.

Shanghai Dazhong Public Utilities Group Co ROCE % Historical Data

The historical data trend for Shanghai Dazhong Public Utilities Group 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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Shanghai Dazhong Public Utilities Group Co ROCE % Chart

Shanghai Dazhong Public Utilities Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.06

7.89

5.53

0.17

4.84

Shanghai Dazhong Public Utilities Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															9.88	-3.74	0.92	5.66	6.74

Shanghai Dazhong Public Utilities Group Co ROCE % Calculation

Shanghai Dazhong Public Utilities Group 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 )
	=	762.986	/	( ( (26335.456 - 10470.018)	+	(24976.128 - 9311.37) )	/ 2 )
	=	762.986	/	( (15865.438	+	15664.758)	/ 2 )
	=	762.986	/	15765.098
	=	4.84 %

Shanghai Dazhong Public Utilities Group 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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1083.548	/	( ( (24968.201 - 8886.505)	+	(24657.324 - 8594.328) )	/ 2 )
	=	1083.548	/	( ( 16081.696	+	16062.996 )	/ 2 )
	=	1083.548	/	16072.346
	=	6.74 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Shanghai Dazhong Public Utilities Group Co (HKSE:01635) 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.

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Shanghai Dazhong Public Utilities Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shanghai Dazhong Public Utilities Group Co Ltd (HKSE:01635) » Definitions » ROCE %

Traded in Other Exchanges

6WL:Germany 600635:China

Address

1515 Zhongshan West Road, 8th Floor, Dazhong Building, Shanghai, CHN, 200235

Website

https://www.dzug.cn

Shanghai Dazhong Public Utilities Group Co Ltd is engaged in the gas sector. The company has six reportable segments: Piped gas supply, Wastewater treatment, Public infrastructure projects, Investments, Transportation services, and Financial Services. It generates a vast majority of revenues from the piped gas supply segment. Geographically, it derives all of its revenue from China.

Executives

New China Asset Management (hong Kong) Limited	2102 Investment manager
New China Asset Management Company Limited	2201 Interest of corporation controlled by you
New China Life Insurance Company Ltd.	2101 Beneficial owner
Shang Hai Da Zhong Qi Ye Guan Li You Xian Gong Si	2101 Beneficial owner
Shang Hai Da Zhong Qi Ye Guan Li You Xian Gong Si Zhi Gong Chi Gu Hui	2201 Interest of corporation controlled by you

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