Sinoma Energy Conservation (SHSE:603126) ROCE % : 4.49% (As of Mar. 2024)

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What is Sinoma Energy Conservation 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. Sinoma Energy Conservation's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.49%.

Sinoma Energy Conservation ROCE % Historical Data

The historical data trend for Sinoma Energy Conservation'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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Sinoma Energy Conservation ROCE % Chart

Sinoma Energy Conservation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.23

8.68

9.16

9.42

7.60

Sinoma Energy Conservation 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															9.12	8.33	3.65	9.40	4.49

Sinoma Energy Conservation ROCE % Calculation

Sinoma Energy Conservation'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 )
	=	214.676	/	( ( (4979.404 - 2258.181)	+	(5432.83 - 2507.498) )	/ 2 )
	=	214.676	/	( (2721.223	+	2925.332)	/ 2 )
	=	214.676	/	2823.2775
	=	7.60 %

Sinoma Energy Conservation'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 )
	=	132.192	/	( ( (5432.83 - 2507.498)	+	(5391.613 - 2428.766) )	/ 2 )
	=	132.192	/	( ( 2925.332	+	2962.847 )	/ 2 )
	=	132.192	/	2944.0895
	=	4.49 %

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

Sinoma Energy Conservation (SHSE:603126) 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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Sinoma Energy Conservation (SHSE:603126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sinoma Energy Conservation Ltd (SHSE:603126) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Beichen Plaza, No.1, Longzhou Road, Beichen District, Tianjin, CHN, 300400

Website

http://www.sinoma-ec.cn

Sinoma Energy Conservation Ltd is engaged in energy conservation and waste reduction. Its business scope mainly includes investment of waste heat power generation project (BOT); engineering technology development, consultancy and design of waste heat power generation (EP); turn-key contract (EPC); supply of clean development mechanism (CDM); development proposals and technology consultancy.

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