Chengdu Gas Group (SHSE:603053) ROCE % : 13.99% (As of Sep. 2024)

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What is Chengdu Gas Group 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. Chengdu Gas Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.99%.

Chengdu Gas Group ROCE % Historical Data

The historical data trend for Chengdu Gas Group'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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Chengdu Gas Group ROCE % Chart

Chengdu Gas Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.54

12.47

14.15

13.92

13.59

Chengdu Gas Group 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															10.29	9.72	18.45	8.62	13.99

Chengdu Gas Group ROCE % Calculation

Chengdu Gas Group'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 )
	=	651.36	/	( ( (7199.373 - 2540.754)	+	(8108.124 - 3178.009) )	/ 2 )
	=	651.36	/	( (4658.619	+	4930.115)	/ 2 )
	=	651.36	/	4794.367
	=	13.59 %

Chengdu Gas Group'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 )
	=	701.712	/	( ( (8337.761 - 3394.245)	+	(8439.335 - 3351.625) )	/ 2 )
	=	701.712	/	( ( 4943.516	+	5087.71 )	/ 2 )
	=	701.712	/	5015.613
	=	13.99 %

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

Chengdu Gas Group (SHSE:603053) 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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Chengdu Gas Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chengdu Gas Group Corp Ltd (SHSE:603053) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 19 Shaoling Road, Wuhou District, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.cdgas.com

Chengdu Gas Group Corp Ltd is engaged in urban gas supply in large and medium cities in China. The company's business includes city gas supply, gas engineering planning, design, construction and installation, gas transmission and distribution, application, management, gas intelligent system research and development, equipment manufacturing, gas special equipment, pressure vessels, measuring device testing, gas appliances and equipment sales.

Executives

Chen Duo Wen

Director

Chengdu Gas Group Headlines

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