Xinjiang East Universe (Group) Gas Co (SHSE:603706) ROCE % : 20.52% (As of Mar. 2024)

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What is Xinjiang East Universe (Group) Gas 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. Xinjiang East Universe (Group) Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.52%.

Xinjiang East Universe (Group) Gas Co ROCE % Historical Data

The historical data trend for Xinjiang East Universe (Group) Gas 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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Xinjiang East Universe (Group) Gas Co ROCE % Chart

Xinjiang East Universe (Group) Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.97

8.01

9.70

8.93

12.85

Xinjiang East Universe (Group) Gas Co 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															18.01	7.70	2.11	23.51	20.52

Xinjiang East Universe (Group) Gas Co ROCE % Calculation

Xinjiang East Universe (Group) Gas 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 )
	=	253.234	/	( ( (2661.458 - 672.233)	+	(2921.458 - 968.894) )	/ 2 )
	=	253.234	/	( (1989.225	+	1952.564)	/ 2 )
	=	253.234	/	1970.8945
	=	12.85 %

Xinjiang East Universe (Group) Gas Co'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 )
	=	408.144	/	( ( (2921.458 - 968.894)	+	(2850.376 - 824.506) )	/ 2 )
	=	408.144	/	( ( 1952.564	+	2025.87 )	/ 2 )
	=	408.144	/	1989.217
	=	20.52 %

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

Xinjiang East Universe (Group) Gas Co (SHSE:603706) 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.

Xinjiang East Universe (Group) Gas Co ROCE % Related Terms

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Xinjiang East Universe (Group) Gas Co (SHSE:603706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Xinjiang East Universe (Group) Gas Co Ltd (SHSE:603706) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 198 Yan'an North Road, 24th Floor, Changji Prefecture, Changji City, CHN, 831100

Website

http://www.dfhyrq.com

Xinjiang East Universe (Group) Gas Co Ltd offers gas supplying services. It offers car gas products, residents living gas products, industrial gas products, commercial gas products and other gas equipment installation services.

Executives

Tian Jia	Director
Zhang Ke	Supervisors
Zhou Jing	senior management
Li Wei Wei	senior management
Li Ming	Director

Xinjiang East Universe (Group) Gas Co (SHSE:603706) Headlines

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