Century Energy International Holdings (HKSE:08132) ROCE % : -57.34% (As of Sep. 2023)

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What is Century Energy International 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. Century Energy International Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -57.34%.

Century Energy International Holdings ROCE % Historical Data

The historical data trend for Century Energy International 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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Century Energy International Holdings ROCE % Chart

Century Energy International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-217.64

-49.42

Century Energy International Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-23.31	-43.47	-111.34	-49.17	-57.34

Century Energy International Holdings ROCE % Calculation

Century Energy International Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-24.939	/	( ( (101.116 - 53.499)	+	(160.723 - 107.415) )	/ 2 )
	=	-24.939	/	( (47.617	+	53.308)	/ 2 )
	=	-24.939	/	50.4625
	=	-49.42 %

Century Energy International Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-16.348	/	( ( (0 - 0)	+	(113.908 - 85.396) )	/ 1 )
	=	-16.348	/	( ( 0	+	28.512 )	/ 1 )
	=	-16.348	/	28.512
	=	-57.34 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Century Energy International Holdings (HKSE:08132) 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.

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Century Energy International Holdings (HKSE:08132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Century Energy International Holdings Ltd (HKSE:08132) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

23rd Floor, Prudential Tower, Suite 2303, The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.chinaoilgangrans.com

Century Energy International Holdings Ltd is an investment holding company. Its activities include power and data cords business and general trading business, trading of refined oil and chemicals business. The company derives revenue from sales and manufacture of power cords and inlet sockets for household electric appliances and power and data cords for mobile handsets and medical control devices and raw cables and general trading business.

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