Datang International Power Generation Co (SHSE:601991) ROCE % : 7.44% (As of Sep. 2024)

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What is Datang International Power Generation 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. Datang International Power Generation Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.44%.

Datang International Power Generation Co ROCE % Historical Data

The historical data trend for Datang International Power Generation 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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Datang International Power Generation Co ROCE % Chart

Datang International Power Generation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.94

6.96

-2.27

3.30

5.44

Datang International Power Generation Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.45	3.12	6.51	8.19	7.44

Datang International Power Generation Co ROCE % Calculation

Datang International Power Generation 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 )
	=	11299.596	/	( ( (305132.264 - 102428.935)	+	(303998.918 - 91230.324) )	/ 2 )
	=	11299.596	/	( (202703.329	+	212768.594)	/ 2 )
	=	11299.596	/	207735.9615
	=	5.44 %

Datang International Power Generation Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	16528.636	/	( ( (310343.345 - 89807.218)	+	(313270.753 - 89271.602) )	/ 2 )
	=	16528.636	/	( ( 220536.127	+	223999.151 )	/ 2 )
	=	16528.636	/	222267.639
	=	7.44 %

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

Datang International Power Generation Co (SHSE:601991) 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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Datang International Power Generation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Datang International Power Generation Co Ltd (SHSE:601991) » Definitions » ROCE %

Traded in Other Exchanges

00991:Hong Kong BJI:Germany

Address

No.9 Guangningbo Street, Xicheng District, Beijing, CHN, 100033

Website

http://www.dtpower.com

Datang International Power Generation Co Ltd is one of five state-controlled independent power producers in China. The power generation businesses of the Company and its subsidiaries cover provinces, municipalities, and autonomous regions across the country, whereas the coal-fired power generators of the Company are centralized in the Beijing-Tianjin-Hebei and southeast coastal regions. The majority of the hydropower projects are located in the southwest region. Wind power and photovoltaic power projects are distributed across the country in areas with abundant resources. The operating segments of the group are the Power and heat generation segment; and Other segments.

Executives

Liu Ji Zhen	Director
Meng Fan Kui	senior management
Fang Qing Hai	Director

Datang International Power Generation Co Headlines

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