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Jilin Province Chuncheng Heating Co (HKSE:01853) ROCE % : -0.12% (As of Dec. 2023)


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What is Jilin Province Chuncheng Heating 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. Jilin Province Chuncheng Heating Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.12%.


Jilin Province Chuncheng Heating Co ROCE % Historical Data

The historical data trend for Jilin Province Chuncheng Heating 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.

* Premium members only.

Jilin Province Chuncheng Heating Co ROCE % Chart

Jilin Province Chuncheng Heating Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 14.86 18.51 18.18 16.67 16.74

Jilin Province Chuncheng Heating Co Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.66 16.09 16.89 33.58 -0.12

Jilin Province Chuncheng Heating Co ROCE % Calculation

Jilin Province Chuncheng Heating 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 )
=197.522/( ( (3393.668 - 2241.793) + (3288.548 - 2080.047) )/ 2 )
=197.522/( (1151.875+1208.501)/ 2 )
=197.522/1180.188
=16.74 %

Jilin Province Chuncheng Heating 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: 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 )
=-1.508/( ( (2391.4 - 1181.143) + (3288.548 - 2080.047) )/ 2 )
=-1.508/( ( 1210.257 + 1208.501 )/ 2 )
=-1.508/1209.379
=-0.12 %

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


Jilin Province Chuncheng Heating Co  (HKSE:01853) 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.


Jilin Province Chuncheng Heating Co ROCE % Related Terms

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Jilin Province Chuncheng Heating Co (HKSE:01853) Business Description

Traded in Other Exchanges
N/A
Address
No. 998 Nanhu Road, No. 28, Block B, Nanhu Road Community, Nanguan District, Jilin Province, Changchun, CHN
Jilin Province Chuncheng Heating Co Ltd is a heat service provider in Jilin Province. The heat supply activities include the provision and distribution of heat, pipeline connection, and heat transmission services. Further, it is also engaged in the offer of construction, maintenance, and design services which include engineering construction, engineering maintenance, design services, and electrical and instrument maintenance and repair services. It operates in two segments: Heat supply segment and Construction, maintenance and design services segment. It derives the majority of its revenue from the Heat supply segment.

Jilin Province Chuncheng Heating Co (HKSE:01853) Headlines

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