Shenergy Co (SHSE:600642) ROCE % : 10.90% (As of Mar. 2024)

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What is Shenergy 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. Shenergy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.90%.

Shenergy Co ROCE % Historical Data

The historical data trend for Shenergy 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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Shenergy Co ROCE % Chart

Shenergy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

7.92

5.53

4.17

8.79

Shenergy Co 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															7.16	9.76	7.29	10.13	10.90

Shenergy Co ROCE % Calculation

Shenergy 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 )
	=	6063.225	/	( ( (89899.668 - 22031.391)	+	(94209.349 - 24042.929) )	/ 2 )
	=	6063.225	/	( (67868.277	+	70166.42)	/ 2 )
	=	6063.225	/	69017.3485
	=	8.79 %

Shenergy Co'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 )
	=	7781.664	/	( ( (94209.349 - 24042.929)	+	(95981.775 - 23350.801) )	/ 2 )
	=	7781.664	/	( ( 70166.42	+	72630.974 )	/ 2 )
	=	7781.664	/	71398.697
	=	10.90 %

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

Shenergy Co (SHSE:600642) 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.

Shenergy Co ROCE % Related Terms

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Shenergy Co (SHSE:600642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenergy Co Ltd (SHSE:600642) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongjing Road 159, 5th Floor, Shanghai, CHN, 201103

Website

http://www.shenergy.net.cn

Shenergy Co Ltd is engaged in the electric power and energy industry in China. Its main business includes the investment, construction, operation, and management of electric power, petroleum, and natural gas. The company has invested and completed electric power projects, which are distributed in various fields such as thermal power, natural gas power, hydropower and nuclear power.

Executives

Xie Feng	senior management
Wang Zhen Yu	senior management
Shu Tong	senior management
Yu Yong Lin	Director
Liu Xian Jun	Supervisors
Zhou Yan Fei	Director
Xi Li Qiang	Director
Xu Wei Quan	Director
Li Wei Yi	senior management
Xu Ren Zhong	Supervisors
Xu Guo Bao	Director
Zhou Cheng Bin	Supervisors
Hua Shi Chao	senior management
Wu Jian Xiong	Director
Song Xue Feng	Supervisors

Shenergy Co (SHSE:600642) Headlines

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