Zhongman Petroleum And Natural Gas Group (SHSE:603619) ROCE % : 28.02% (As of Sep. 2024)

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What is Zhongman Petroleum And Natural 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. Zhongman Petroleum And Natural Gas Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 28.02%.

Zhongman Petroleum And Natural Gas Group ROCE % Historical Data

The historical data trend for Zhongman Petroleum And Natural 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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Zhongman Petroleum And Natural Gas Group ROCE % Chart

Zhongman Petroleum And Natural Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.21

-15.25

8.25

20.32

24.89

Zhongman Petroleum And Natural 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															22.06	19.31	20.88	28.77	28.02

Zhongman Petroleum And Natural Gas Group ROCE % Calculation

Zhongman Petroleum And Natural 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 )
	=	1170.326	/	( ( (7776.349 - 3465.541)	+	(9132.375 - 4037.935) )	/ 2 )
	=	1170.326	/	( (4310.808	+	5094.44)	/ 2 )
	=	1170.326	/	4702.624
	=	24.89 %

Zhongman Petroleum And Natural 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 )
	=	1519.208	/	( ( (9798.982 - 4907.543)	+	(10854.341 - 4903.772) )	/ 2 )
	=	1519.208	/	( ( 4891.439	+	5950.569 )	/ 2 )
	=	1519.208	/	5421.004
	=	28.02 %

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

Zhongman Petroleum And Natural Gas Group (SHSE:603619) 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.

Zhongman Petroleum And Natural Gas Group ROCE % Related Terms

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Zhongman Petroleum And Natural Gas Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zhongman Petroleum And Natural Gas Group Corp Ltd (SHSE:603619) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3998 Jiangshan Road, Pudong New Area, Shanghai, CHN

Website

http://www.zpec.com

Zhongman Petroleum And Natural Gas Group Corp Ltd is a drilling engineering contractor and manufacturer of petroleum drilling equipment. It is also engaged in oil and gas exploration, geological engineering, installation of CNG/LNG Vehicle Fueling Stations and international trade.

Executives

Li Pei Lian	Director
Zhu Yong Zhen	Supervisors

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