China Datang Renewable Power Co (HKSE:01798) ROCE % : 5.30% (As of Dec. 2023)

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What is China Datang Renewable Power 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. China Datang Renewable Power Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.30%.

China Datang Renewable Power Co ROCE % Historical Data

The historical data trend for China Datang Renewable Power 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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China Datang Renewable Power Co ROCE % Chart

China Datang Renewable Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.70

6.80

6.71

7.60

6.49

China Datang Renewable Power Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.37	-	2.97	5.30	8.76

China Datang Renewable Power Co ROCE % Calculation

China Datang Renewable Power 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 )
	=	5840.154	/	( ( (108933.593 - 19123.075)	+	(111068.111 - 20831.295) )	/ 2 )
	=	5840.154	/	( (89810.518	+	90236.816)	/ 2 )
	=	5840.154	/	90023.667
	=	6.49 %

China Datang Renewable Power Co'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4850.488	/	( ( (106740.234 - 13977.083)	+	(111068.111 - 20831.295) )	/ 2 )
	=	4850.488	/	( ( 92763.151	+	90236.816 )	/ 2 )
	=	4850.488	/	91499.9835
	=	5.30 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

China Datang Renewable Power Co (HKSE:01798) 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.

China Datang Renewable Power Co ROCE % Related Terms

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China Datang Renewable Power Co (HKSE:01798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Datang Corp Renewable Power Co Ltd (HKSE:01798) » Definitions » ROCE %

Traded in Other Exchanges

DT7:Germany

Address

No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053

Website

http://www.cdt-re.com

Datang Renewable is one of China's leading wind power operators, with installed wind capacity of 12.7 gigawatts as of the end of 2022, representing 3.5% of the nationwide wind capacity. About 89.4% of the total installed capacity is wind power. The company also operates solar and gas-fired power plants on a smaller scale. China Datang Group is the major shareholder with a controlling stake of 65.61%.

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