Shanghai Electric Power Co (SHSE:600021) ROCE % : 2.74% (As of Dec. 2024)

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What is Shanghai Electric Power 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. Shanghai Electric Power Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.74%.

Shanghai Electric Power Co ROCE % Historical Data

The historical data trend for Shanghai Electric Power 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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Shanghai Electric Power Co ROCE % Chart

Shanghai Electric Power Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.47

2.16

5.43

6.63

7.06

Shanghai Electric Power Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.83	7.80	7.50	8.70	2.74

Shanghai Electric Power Co ROCE % Calculation

Shanghai Electric Power Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	8518.137	/	( ( (168572.335 - 47829.391)	+	(189377.709 - 68919.218) )	/ 2 )
	=	8518.137	/	( (120742.944	+	120458.491)	/ 2 )
	=	8518.137	/	120600.7175
	=	7.06 %

Shanghai Electric Power Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	3473.82	/	( ( (178838.304 - 45737.337)	+	(189377.709 - 68919.218) )	/ 2 )
	=	3473.82	/	( ( 133100.967	+	120458.491 )	/ 2 )
	=	3473.82	/	126779.729
	=	2.74 %

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

Shanghai Electric Power Co (SHSE:600021) 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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Shanghai Electric Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Electric Power Co Ltd (SHSE:600021) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

36th Floor,268 Zhongshan South Road, Shanghai, CHN, 200010

Website

http://www.shanghaipower.com

Shanghai Electric Power Co Ltd is a China-based energy company. It is engaged in the production and sale of electricity and thermal power. It is a modern energy company integrating high-parameter and large-capacity coal-fired power, gas-fired power, wind power, solar power and distributed energy supply and others.

Executives

Zhao Bao Ren

Director

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