Petro-king Oilfield Services (HKSE:02178) ROCE % : 6.08% (As of Jun. 2024)

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What is Petro-king Oilfield Services 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. Petro-king Oilfield Services's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.08%.

Petro-king Oilfield Services ROCE % Historical Data

The historical data trend for Petro-king Oilfield Services'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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Petro-king Oilfield Services ROCE % Chart

Petro-king Oilfield Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.81

0.42

-18.01

-4.20

-16.71

Petro-king Oilfield Services Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-18.33	8.35	-5.50	-29.41	6.08

Petro-king Oilfield Services ROCE % Calculation

Petro-king Oilfield Services'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 )
	=	-56.404	/	( ( (823.412 - 427.278)	+	(712.011 - 433.123) )	/ 2 )
	=	-56.404	/	( (396.134	+	278.888)	/ 2 )
	=	-56.404	/	337.511
	=	-16.71 %

Petro-king Oilfield Services'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 )
	=	16.356	/	( ( (712.011 - 433.123)	+	(694.056 - 434.524) )	/ 2 )
	=	16.356	/	( ( 278.888	+	259.532 )	/ 2 )
	=	16.356	/	269.21
	=	6.08 %

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

Petro-king Oilfield Services (HKSE:02178) 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.

Petro-king Oilfield Services ROCE % Related Terms

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Petro-king Oilfield Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro-king Oilfield Services Ltd (HKSE:02178) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 3 Haide Road, Tiley Central Plaza, Room 705-710, 7th Floor, Tower A, Nanshan District, Guangdong, Shenzhen, CHN, 518054

Website

http://www.petro-king.cn

Petro-king Oilfield Services Ltd provides oilfield and gas field technology services covering various stages in the life cycle of oilfields and gas fields including production enhancement, drilling, consultancy and integrated project management with auxiliary activities in the trading of oilfield and gas field related products. It has two reportable segments namely Oilfield project tools and services; and Consultancy services. Oilfield project tools and services include drilling work, production enhancement work, and well-completion work. It generates majority of its revenue from the Oilfield project tools and services segment. Geographically, the company operates in the People's Republic of China (PRC), the Middle East, and other countries, and generates majority of its revenue from PRC.

Executives

Hsbc International Trustee Limited	2301 Trustee
Lee & Leung (b.v.i.) Limited	2201 Interest of corporation controlled by you
King Shine Group Limited	2101 Beneficial owner
Lee Lap	2307 Founder of a discretionary trust who can infl
Wang Jinlong	2201 Interest of corporation controlled by you
Zhou Xiaojun	2202 Interest of your spouse
Ubs Group Ag	2201 Interest of corporation controlled by you
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Termbray Industries International (holdings) Limited	2201 Interest of corporation controlled by you
Aeasy Credit Investment Limited	2201 Interest of corporation controlled by you
Zero Finance Hong Kong Limited	2106 Person having a security interest in shares

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