China Southern Power Grid Energy Storage Co (SHSE:600995) ROCE % : 2.68% (As of Dec. 2024)

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What is China Southern Power Grid Energy Storage 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. China Southern Power Grid Energy Storage Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.68%.

China Southern Power Grid Energy Storage Co ROCE % Historical Data

The historical data trend for China Southern Power Grid Energy Storage 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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China Southern Power Grid Energy Storage Co ROCE % Chart

China Southern Power Grid Energy Storage Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.05

11.14

9.22

5.20

5.28

China Southern Power Grid Energy Storage 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															4.00	5.37	6.31	6.46	2.68

China Southern Power Grid Energy Storage Co ROCE % Calculation

China Southern Power Grid Energy Storage 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 )
	=	2309.503	/	( ( (44486.027 - 4399.502)	+	(50466.641 - 3047.218) )	/ 2 )
	=	2309.503	/	( (40086.525	+	47419.423)	/ 2 )
	=	2309.503	/	43752.974
	=	5.28 %

China Southern Power Grid Energy Storage 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 )
	=	1261.736	/	( ( (48700.093 - 1802.275)	+	(50466.641 - 3047.218) )	/ 2 )
	=	1261.736	/	( ( 46897.818	+	47419.423 )	/ 2 )
	=	1261.736	/	47158.6205
	=	2.68 %

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

China Southern Power Grid Energy Storage Co (SHSE:600995) 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.

China Southern Power Grid Energy Storage Co ROCE % Related Terms

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China Southern Power Grid Energy Storage Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Southern Power Grid Energy Storage Co Ltd (SHSE:600995) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 29, Fenghuang Road, Yunnan Province, Wenshan, CHN, 663000

Website

http://www.es.csg.cn

China Southern Power Grid Energy Storage Co Ltd is engaged in electric power generation and distribution. The company also operates hydroelectric power stations in China.

Executives

Tang Jian Liang	senior management
Zhong Lin	senior management
Liu Guo Gang	Director
Liu Ya Jun	senior management
Tang Zhong Liang	senior management
Lu Wen Sheng	senior management
Lv Zhi	Director
Yang Wei Cong	Supervisors
Li Ding Lin	Directors, senior managers
Sun Li Qun	senior management
Zhou Ling Ling	Supervisors
Zhang Hong	Director
Yang Yu Jian	Director
Zhang Ren Bo	Supervisors
Hu Yu Shan	Supervisors

China Southern Power Grid Energy Storage Co Headlines

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