Zhongyu Energy Holdings (HKSE:03633) ROCE % : 6.38% (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Zhongyu 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. Zhongyu Energy Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.38%.

Zhongyu Energy Holdings ROCE % Historical Data

The historical data trend for Zhongyu 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.

* Premium members only.

Zhongyu Energy Holdings ROCE % Chart

Zhongyu Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.56

12.83

11.31

4.62

7.71

Zhongyu Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.57	5.76	3.56	7.70	6.38

Zhongyu Energy Holdings ROCE % Calculation

Zhongyu 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 )
	=	1173.207	/	( ( (26310.882 - 10505.813)	+	(26430.107 - 11786.342) )	/ 2 )
	=	1173.207	/	( (15805.069	+	14643.765)	/ 2 )
	=	1173.207	/	15224.417
	=	7.71 %

Zhongyu Energy Holdings'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 )
	=	1043.18	/	( ( (26618.187 - 8556.95)	+	(26430.107 - 11786.342) )	/ 2 )
	=	1043.18	/	( ( 18061.237	+	14643.765 )	/ 2 )
	=	1043.18	/	16352.501
	=	6.38 %

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

Zhongyu Energy Holdings (HKSE:03633) 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.

Zhongyu Energy Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Zhongyu Energy Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhongyu Energy Holdings (HKSE:03633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhongyu Energy Holdings Ltd (HKSE:03633) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

27th Floor, Building B, Meilin Center Square, South Plaza, Futian District, Guangdong Province, Shenzhen, CHN

Website

https://www.zhongyuenergy.com

Zhongyu Energy Holdings Ltd is mainly engaged in the sales of piped gas. Its business segments include sales of gas; gas pipeline construction; value-added services (including sales of stoves and provision of other related services); operation of CNG/LNG vehicle filling stations; and smart energy. The majority of revenue is derived from the sale of gas segment.

Zhongyu Energy Holdings (HKSE:03633) Headlines

No Headlines