TL Natural Gas Holdings (HKSE:08536) ROCE % : 0.00% (As of Jun. 2024)

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What is TL Natural Gas 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. TL Natural Gas Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

TL Natural Gas Holdings ROCE % Historical Data

The historical data trend for TL Natural Gas 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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TL Natural Gas Holdings ROCE % Chart

TL Natural Gas Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.83

-24.73

-8.26

-4.01

-29.61

TL Natural Gas 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															-8.59	-4.73	-3.48	-121.57	-

TL Natural Gas Holdings ROCE % Calculation

TL Natural Gas 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 )
	=	-23.775	/	( ( (106.442 - 11.585)	+	(75.646 - 9.913) )	/ 2 )
	=	-23.775	/	( (94.857	+	65.733)	/ 2 )
	=	-23.775	/	80.295
	=	-29.61 %

TL Natural Gas 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	/	( ( (75.646 - 9.913)	+	(71.034 - 8.74) )	/ 2 )
	=	0	/	( ( 65.733	+	62.294 )	/ 2 )
	=	0	/	64.0135
	=	0.00 %

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

TL Natural Gas Holdings (HKSE:08536) 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.

TL Natural Gas Holdings ROCE % Related Terms

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TL Natural Gas Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » TL Natural Gas Holdings Ltd (HKSE:08536) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dong Fang Road, Jingzhou Primary Station, Economic Development Zone, Hubei Province, Jingzhou, CHN

Website

http://www.tl-cng.com

TL Natural Gas Holdings Ltd is engaged in the sale of compressed natural gas and automated car wash service. The company operates in four different segments the sale of natural gas; the automated car wash service; the provision of digital marketing service and the provision of fast food catering service. The company derives revenue from the sale of compressed natural gas. The revenue comes from the distribution of CNG to retail customers mainly vehicle end users and wholesale customers town gas companies, gas station operators, and industrial users.

Executives

Hongsheng Enterprise Limited	2101 Beneficial owner
Liu Yongcheng	2103 Interests held jointly with another person
Liu Yongqiang	2201 Interest of corporation controlled by you
Yongsheng Enterprise Limited	2103 Interests held jointly with another person
Yu Ting Hin	2101 Beneficial owner
Lee Kwok Wah	2101 Beneficial owner
Stable Development Company Limited	2101 Beneficial owner
Yu Kin Wai Perway	2201 Interest of corporation controlled by you
Fai Wai Lap Felip	2101 Beneficial owner

TL Natural Gas Holdings Headlines

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