Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) ROCE % : -28.16% (As of Dec. 2023)

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What is Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co 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. Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.16%.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co ROCE % Historical Data

The historical data trend for Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co'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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Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co ROCE % Chart

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

-22.26

-48.52

-12.25

-14.08

-11.32

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Dec24
ROCE %	-44.53	-97.03	-24.49	-28.16	-10.96

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co ROCE % Calculation

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co'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 )
	=	-466.269	/	( ( (3819.066 - 1097.468)	+	(5319.618 - 1418.508) )	/ 2 )
	=	-466.269	/	( (2721.598	+	3901.11)	/ 2 )
	=	-466.269	/	3311.354
	=	-14.08 %

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-932.538	/	( ( (3819.066 - 1097.468)	+	(5319.618 - 1418.508) )	/ 2 )
	=	-932.538	/	( ( 2721.598	+	3901.11 )	/ 2 )
	=	-932.538	/	3311.354
	=	-28.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) 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.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co ROCE % Related Terms

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Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd (HKSE:09663) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 501-2, Block No. 37, Hangzhou Bay New Economic Park, Port District, Zhejiang Province, Jiaxing City, CHN

Website

https://www.sinosynergypower.com

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd is a technology-based hydrogen fuel cell company in the PRC focusing on research, development, production, and sales of hydrogen fuel cell stacks and hydrogen fuel cell systems. Its products include flexible graphite bipolar plates, hydrogen fuel cell stacks, and hydrogen fuel cell systems.

Executives

Jia Xing Wan Bei Ke Chuang Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Rong Ding Ze Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Qing Dao Cheng Tou Qing Dong Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Mei Jin Neng Yuan Ji Tuan You Xian Gong Si	2101 Beneficial owner
Jia Xing Bin Hai Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhe Jiang Qing Neng Chan Ye Fa Zhan You Xian Gong Si	2101 Beneficial owner
Shan Xi Mei Jin Neng Yuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Qing Dao Cheng Tou Xin Neng Yuan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Cheng Shi Jian She Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Yun Fu Shi Yun Sheng Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Dong Hong Yun Qing Neng Yuan Ke Ji You Xian Gong Si	2101 Beneficial owner
Guang Dong Fo Shan Yun Fu Chan Ye Zhuan Yi Gong Ye Yuan Tou Zi Kai Fa You Xian Gong Si	2101 Beneficial owner
Fo Shan Hua Hui Ke Ji Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Chen Xiaomin	2201 Interest of corporation controlled by you
Sung Billy	2101 Beneficial owner

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