Henan Jinyuan Hydrogenated Chemicals Co (HKSE:02502) ROCE % : 9.76% (As of Jun. 2024)

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What is Henan Jinyuan Hydrogenated Chemicals 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. Henan Jinyuan Hydrogenated Chemicals Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.76%.

Henan Jinyuan Hydrogenated Chemicals Co ROCE % Historical Data

The historical data trend for Henan Jinyuan Hydrogenated Chemicals 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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Henan Jinyuan Hydrogenated Chemicals Co ROCE % Chart

Henan Jinyuan Hydrogenated Chemicals Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

12.63

20.11

32.95

9.93

Henan Jinyuan Hydrogenated Chemicals Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			45.96	24.30	21.19	3.77	9.76

Henan Jinyuan Hydrogenated Chemicals Co ROCE % Calculation

Henan Jinyuan Hydrogenated Chemicals 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 )
	=	114.795	/	( ( (1200.956 - 290.203)	+	(1819.376 - 418.45) )	/ 2 )
	=	114.795	/	( (910.753	+	1400.926)	/ 2 )
	=	114.795	/	1155.8395
	=	9.93 %

Henan Jinyuan Hydrogenated Chemicals 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: 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 )
	=	135.688	/	( ( (1819.376 - 418.45)	+	(1830.507 - 450.423) )	/ 2 )
	=	135.688	/	( ( 1400.926	+	1380.084 )	/ 2 )
	=	135.688	/	1390.505
	=	9.76 %

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

Henan Jinyuan Hydrogenated Chemicals Co (HKSE:02502) 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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Henan Jinyuan Hydrogenated Chemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Henan Jinyuan Hydrogenated Chemicals Co Ltd (HKSE:02502) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

West First Ring Road South, Henan Province, Jiyuan, CHN

Website

https://www.jyqhhg.com

Henan Jinyuan Hydrogenated Chemicals Co Ltd supplies hydrogenated benzene-based chemicals and energy products in Henan province. The company operates in the following segments: The Refined chemicals segment which accounts for the majority of revenue engages in sales of hydrogenated benzene-based chemicals; the Energy products segment sale energy products, mainly coal gas and LNG; Trading engages in trading of refined oil, LNG, and hydrogen through gas stations and Other Services segment.

Executives

Henan Jinma Energy Company Limited
Max Success Group Holdings Limited
Ng Mei Ling
Yeung Chi Ming
Ascend Open Master Fund Vcc - Yide Kui Mao Fund V	2101 Beneficial owner
Haitong International Holdings Limited	2201 Interest of corporation controlled by you
Haitong International Securities Company Limited	2101 Beneficial owner
Haitong International Securities Group Limited	2201 Interest of corporation controlled by you
Haitong Securities Co., Ltd.	2201 Interest of corporation controlled by you
Ubs Tc (jersey) Ltd	2201 Interest of corporation controlled by you
Zhongsheng Holdings Company Limited	2101 Beneficial owner
Zhongsheng Group Holdings Limited	2201 Interest of corporation controlled by you
You Zhenhua
Wang Fengmei
Dong Caiping

Henan Jinyuan Hydrogenated Chemicals Co Headlines

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