Perennial Energy Holdings (HKSE:02798) ROCE % : 20.65% (As of Jun. 2024)

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What is Perennial Energy Holdings 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. Perennial Energy Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 20.65%.

Perennial Energy Holdings ROCE % Historical Data

The historical data trend for Perennial Energy Holdings'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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Perennial Energy Holdings ROCE % Chart

Perennial Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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29.95

18.84

32.87

22.07

17.34

Perennial Energy Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial												30.39	15.37	31.34	20.65	14.44

Perennial Energy Holdings ROCE % Calculation

Perennial Energy Holdings'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 )
	=	701.384	/	( ( (4556.201 - 1620.394)	+	(4735.239 - 1315.205) )	/ 2 )
	=	701.384	/	( (2935.807	+	3420.034)	/ 2 )
	=	701.384	/	3177.9205
	=	22.07 %

Perennial Energy Holdings'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 )
	=	717.434	/	( ( (4735.239 - 1315.205)	+	(5002.959 - 1474.478) )	/ 2 )
	=	717.434	/	( ( 3420.034	+	3528.481 )	/ 2 )
	=	717.434	/	3474.2575
	=	20.65 %

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

Perennial Energy Holdings (HKSE:02798) 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.

Perennial Energy Holdings ROCE % Related Terms

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Perennial Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Perennial Energy Holdings Ltd (HKSE:02798) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEZ:Germany

Address

Hongguo Economic Development Area, Office Building next to E' Lang Pu Leisure Square, Guizhou Province, Liupanshui, CHN

Website

https://www.perennialenergy.hk

Perennial Energy Holdings Ltd is a coal mining company. Along with its subsidiaries, it is principally engaged in the exploration and mining of coking coal and coal refinery in the People's Republic of China. It operates three underground coal mines namely, Hongguo Coal Mine, Baogushan Coal Mine, and Xiejiahegou Coal Mine. The company earns revenue from the sale of Clean coking coal which accounts for the majority of the revenue, Raw coal, Middling coal, Sludge coal, and sales of of coalbed methane gas.

Executives

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Yu Bang Ping
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Leung Ka Hung

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