ENN Natural Gas Co (SHSE:600803) ROCE % : 13.57% (As of Mar. 2024)

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What is ENN Natural Gas 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. ENN Natural Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.57%.

ENN Natural Gas Co ROCE % Historical Data

The historical data trend for ENN Natural Gas 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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ENN Natural Gas Co ROCE % Chart

ENN Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.10

18.93

22.18

19.37

19.49

ENN Natural Gas 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															18.33	13.66	14.42	31.69	13.57

ENN Natural Gas Co ROCE % Calculation

ENN Natural Gas 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 )
	=	17169.6	/	( ( (136300.34 - 48668.06)	+	(134573.5 - 46032.25) )	/ 2 )
	=	17169.6	/	( (87632.28	+	88541.25)	/ 2 )
	=	17169.6	/	88086.765
	=	19.49 %

ENN Natural Gas 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 )
	=	12188.6	/	( ( (134573.5 - 46032.25)	+	(136607.65 - 45509.94) )	/ 2 )
	=	12188.6	/	( ( 88541.25	+	91097.71 )	/ 2 )
	=	12188.6	/	89819.48
	=	13.57 %

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

ENN Natural Gas Co (SHSE:600803) 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.

ENN Natural Gas Co ROCE % Related Terms

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ENN Natural Gas Co (SHSE:600803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ENN Natural Gas Co Ltd (SHSE:600803) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

383 Heping East Road, Hebei, Shijiazhuang, CHN, 050031

Website

http://www.enn-ec.com.cn

ENN Natural Gas Co Ltd formerly known as ENN Ecological Holdings Co Ltd is a natural gas distributor. The company has formed four division namely natural gas sales, integrated energy services, energy trade, and energy transmission and distribution. Its products include natural gas, coal, methanol, Dimethyl ether, Double junction silicon-based thin film solar panel, Ubiquitous energy efficiency platform, and Micro gas turbine.

Executives

Han Ji Shen	Director
Liang Hong Yu	senior management
Jiang Cheng Hong	Director
Zhang Xiao Yang	senior management
Yu Jian Chao	Director
Zheng Wen Ping	senior management
Wang Dong Zhi	senior management
Zheng Hong Tao	Directors, senior managers
Liu Jian Jun	senior management
Zhang Jin	Director
Wang Shuo	senior management
Huang Bao Guang	senior management
Wang Gui Qi	senior management
Men Ji Jun	senior management
Wang Shi Hong	senior management

ENN Natural Gas Co (SHSE:600803) Headlines

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