Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) ROCE % : -2.01% (As of Mar. 2024)

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What is Guangdong Meiyan Jixiang Hydropower 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. Guangdong Meiyan Jixiang Hydropower Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.01%.

Guangdong Meiyan Jixiang Hydropower Co ROCE % Historical Data

The historical data trend for Guangdong Meiyan Jixiang Hydropower 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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Guangdong Meiyan Jixiang Hydropower Co ROCE % Chart

Guangdong Meiyan Jixiang Hydropower Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.09

1.45

1.57

3.64

-3.92

Guangdong Meiyan Jixiang Hydropower 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															2.93	1.21	3.76	-23.75	-2.01

Guangdong Meiyan Jixiang Hydropower Co ROCE % Calculation

Guangdong Meiyan Jixiang Hydropower 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 )
	=	-100.323	/	( ( (2906.767 - 277.902)	+	(2765.817 - 271.627) )	/ 2 )
	=	-100.323	/	( (2628.865	+	2494.19)	/ 2 )
	=	-100.323	/	2561.5275
	=	-3.92 %

Guangdong Meiyan Jixiang Hydropower 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 )
	=	-49.856	/	( ( (2765.817 - 271.627)	+	(2727.688 - 256.146) )	/ 2 )
	=	-49.856	/	( ( 2494.19	+	2471.542 )	/ 2 )
	=	-49.856	/	2482.866
	=	-2.01 %

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

Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) 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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Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Guangdong Meiyan Jixiang Hydropower Co Ltd (SHSE:600868) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Meiyan Builing, Wanshuitang County, Meizhou, Guangdong, CHN, 514011

Website

http://www.chinameiyan.com

Guangdong Meiyan Jixiang Hydropower Co Ltd is mainly engaged in power generation and hydropower generation in China. The company's main business is hydropower generation. Its business divisions include hydroelectric generation, copper foil production, cement industry, silver mining, education services business and sales. The company mainly operates its business in Guangdong Province.

Executives

Li Ming	Director
Zhu Bao Rong	Supervisors
Huang Zeng Xiao	senior management
Yang Qin Huan	senior management
Qiu Xiu Rong	Supervisors
Wang Rong Hui	Director
Xia Wen Mei	Supervisors
Wan Wen Sheng	Supervisors

Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) Headlines

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