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

View and export this data going back to 2019. Start your Free Trial

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

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													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.

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

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

Xinyi Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Xinyi Energy Holdings Ltd (HKSE:03868) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 102, Meidiya Road, E Qiao Town, Sanshan District, Anhui Province, Wuhu, CHN

Website

https://www.xinyienergy.com

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

Xinyi Energy Holdings Headlines

No Headlines