Central New Energy Holding Group (HKSE:01735) ROCE % : 12.11% (As of Jun. 2024)

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What is Central New Energy Holding 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. Central New Energy Holding Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.11%.

Central New Energy Holding Group ROCE % Historical Data

The historical data trend for Central New Energy Holding 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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Central New Energy Holding Group ROCE % Chart

Central New Energy Holding Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-6.20

30.51

-5.23

9.81

6.21

Central New Energy Holding Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial													-14.76	7.13	8.95	12.11	0.97

Central New Energy Holding Group ROCE % Calculation

Central New Energy Holding 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 )
	=	108.043	/	( ( (1491.038 - 895.531)	+	(3496.284 - 1888.329) )	/ 2 )
	=	108.043	/	( (595.507	+	1607.955)	/ 2 )
	=	108.043	/	1101.731
	=	9.81 %

Central New Energy Holding Group'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 )
	=	198.178	/	( ( (3496.284 - 1888.329)	+	(4358.091 - 2692.749) )	/ 2 )
	=	198.178	/	( ( 1607.955	+	1665.342 )	/ 2 )
	=	198.178	/	1636.6485
	=	12.11 %

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

Central New Energy Holding Group (HKSE:01735) 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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Central New Energy Holding Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Central New Energy Holding Group Ltd (HKSE:01735) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

191 Java Road, 21th Floor, Unit 2102–03, 10–12, Central K.Wah Centre, North Point, Hong Kong, HKG

Website

https://www.centralenergy.cn

Central New Energy Holding Group Ltd, formerly Central Holding Group Co Ltd is an investment holding company. The company's operating segment includes Green Building and construction related business, superstructure building works, and construction materials supplies; which provide piling works, excavation and lateral support works, and pile cap construction and building works in relation to the parts of the structure above the ground level and supplying of construction materials; F&B supply chain; Health and wellness; New energy and EPC; and Smart energy management services. The company's geographical segments include Hong Kong and China, of which China accounts for the majority of its revenue.

Executives

Central Culture Resource Group Limited	2201 Interest of corporation controlled by you
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Yu Zhuyun	2201 Interest of corporation controlled by you

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