Hengyang Petrochemical Logistics (SGX:5PD) ROCE % : -0.40% (As of Mar. 2024)

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What is Hengyang Petrochemical Logistics 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. Hengyang Petrochemical Logistics's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.40%.

Hengyang Petrochemical Logistics ROCE % Historical Data

The historical data trend for Hengyang Petrochemical Logistics'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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Hengyang Petrochemical Logistics ROCE % Chart

Hengyang Petrochemical Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.63

-0.45

-4.28

3.20

-3.99

Hengyang Petrochemical Logistics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-5.37	-4.90	-4.69	-1.22	-0.40

Hengyang Petrochemical Logistics ROCE % Calculation

Hengyang Petrochemical Logistics'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 )
	=	-4.254	/	( ( (111.286 - 0.407)	+	(102.739 - 0.297) )	/ 2 )
	=	-4.254	/	( (110.879	+	102.442)	/ 2 )
	=	-4.254	/	106.6605
	=	-3.99 %

Hengyang Petrochemical Logistics's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-0.412	/	( ( (102.739 - 0.297)	+	(102.477 - 0.357) )	/ 2 )
	=	-0.412	/	( ( 102.442	+	102.12 )	/ 2 )
	=	-0.412	/	102.281
	=	-0.40 %

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

Hengyang Petrochemical Logistics (SGX:5PD) 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.

Hengyang Petrochemical Logistics ROCE % Related Terms

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Hengyang Petrochemical Logistics (SGX:5PD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hengyang Petrochemical Logistics Ltd (SGX:5PD) » Definitions » ROCE %

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Address

1 Hengyang Road, Shizhuang Industrial Park, New Harbor City, Jiangsu Province, Jiangyin, CHN, 214446

Website

http://www.hyplc.com

Hengyang Petrochemical Logistics Ltd is engaged in logistic services for the petrochemical industry. The group provides storage and land transportation services for different types of bulk liquid petrochemicals, gases, and oils such as Methanol, Acetic Acid, Phenol, Acetone, Styrene, Ethylene Glycol, Polyether Polyol, Propane, Butane, Gasoline, Diesel, Kerosene, Fuel Oil and Base Oil. It's petrochemical storage business offers whole-tank leasing services for a fixed period of time (typically for one year) and spot leasing services for a period ranging from one month to three months.

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