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Xinyi Energy Holdings (HKSE:03868) ROCE % : 8.79% (As of Jun. 2024)


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What is Xinyi 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. Xinyi Energy Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.79%.


Xinyi Energy Holdings ROCE % Historical Data

The historical data trend for Xinyi 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.

Xinyi Energy Holdings ROCE % Chart

Xinyi Energy Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.82 10.98 9.84 10.44 8.65

Xinyi Energy Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.57 11.79 9.57 8.79 8.37

Xinyi Energy Holdings ROCE % Calculation

Xinyi 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 )
=1659.856/( ( (19939.88 - 5098.594) + (21133.563 - 4173.47) )/ 2 )
=1659.856/( (14841.286+16960.093)/ 2 )
=1659.856/15900.6895
=10.44 %

Xinyi 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 )
=1537.244/( ( (21133.563 - 4173.47) + (21504.066 - 3504.995) )/ 2 )
=1537.244/( ( 16960.093 + 17999.071 )/ 2 )
=1537.244/17479.582
=8.79 %

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


Xinyi Energy Holdings  (HKSE:03868) 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.


Xinyi Energy Holdings ROCE % Related Terms

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Xinyi Energy Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 102, Meidiya Road, E Qiao Town, Sanshan District, Anhui Province, Wuhu, CHN
Listed in May 2019, Xinyi Energy is a spinoff from its holding company Xinyi Solar, and engages in solar farm operations in China. The company owns a portfolio of utility-scale ground-mounted solar farm projects, with total approved capacity of 3,650.5 megawatts by the end of 2023. Parent Xinyi Solar, a leading solar glass manufacturer and solar farm developer, retains about a 52% stake in Xinyi Energy.
Executives
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
Li Ching Wai 2401 A concert party to an agreement to buy shares
Sze Nang Sze 2201 Interest of corporation controlled by you
Ng Ngan Ho 2401 A concert party to an agreement to buy shares
Li Ching Leung 2401 A concert party to an agreement to buy shares
Lee Sing Din 2401 A concert party to an agreement to buy shares
Tung Ching Bor 2401 A concert party to an agreement to buy shares
Lee Yin Yee 2401 A concert party to an agreement to buy shares
Tung Ching Sai 2401 A concert party to an agreement to buy shares
Xinyi Glass Holdings Limited
Xinyi Group (glass) Company Limited
Xinyi Power (bvi) Limited 2101 Beneficial owner
Xinyi Solar Holdings Limited 2201 Interest of corporation controlled by you
Charm Dazzle Limited
Sze Tan Hung 2101 Beneficial owner

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