China Primary Energy Holdings (HKSE:08117) ROCE % : 0.00% (As of Jun. 2024)

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What is China Primary 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. China Primary Energy Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

China Primary Energy Holdings ROCE % Historical Data

The historical data trend for China Primary 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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China Primary Energy Holdings ROCE % Chart

China Primary Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.30

3.11

0.04

-0.37

-1.58

China Primary Energy Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															1.83	-2.16	-2.41	-2.65	-

China Primary Energy Holdings ROCE % Calculation

China Primary 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 )
	=	-8.466	/	( ( (738.521 - 299.547)	+	(755.286 - 125.551) )	/ 2 )
	=	-8.466	/	( (438.974	+	629.735)	/ 2 )
	=	-8.466	/	534.3545
	=	-1.58 %

China Primary 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 )
	=	0	/	( ( (755.286 - 125.551)	+	(746.627 - 116.976) )	/ 2 )
	=	0	/	( ( 629.735	+	629.651 )	/ 2 )
	=	0	/	629.693
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

China Primary Energy Holdings (HKSE:08117) 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.

China Primary Energy Holdings ROCE % Related Terms

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China Primary Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Primary Energy Holdings Ltd (HKSE:08117) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Science Museum Road, Room 518, 5th Floor, Tower B, New Mandarin Plaza, Kowloon, Hong Kong, HKG

Website

https://china-p-energy.etnet.com.hk

China Primary Energy Holdings Ltd is an investment holding company. Its business activity of the group functions through the Transmission and distribution of natural gas, Sale of heat and biomass gasification-related products, and Property investment segments, and the majority of the revenue gets derived from the Transmission and distribution of the natural gas segment. Geographically the group has a business presence in Hong Kong and the PRC, of which key revenue is generated from the PRC.

Executives

Ma Zheng	2101 Beneficial owner
Excel Sino Investments Limited	2101 Beneficial owner
Guo Xiuqin	2201 Interest of corporation controlled by you
Tung Shing Energy Investment Limited	2101 Beneficial owner
Ji Shengzhi	2201 Interest of corporation controlled by you
Lu Ke	2201 Interest of corporation controlled by you
Ultra Vantage Holdings Limited	2101 Beneficial owner
Winmaxi (bvi) Company Limited	2101 Beneficial owner

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