Henan Lantian Gas Co (SHSE:605368) ROCE % : 21.06% (As of Mar. 2024)

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What is Henan Lantian 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. Henan Lantian Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.06%.

Henan Lantian Gas Co ROCE % Historical Data

The historical data trend for Henan Lantian 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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Henan Lantian Gas Co ROCE % Chart

Henan Lantian Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.77

23.25

21.57

21.65

17.90

Henan Lantian 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															24.86	18.76	19.68	11.70	21.06

Henan Lantian Gas Co ROCE % Calculation

Henan Lantian 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 )
	=	846.018	/	( ( (6248.82 - 2000.74)	+	(6717.569 - 1512.265) )	/ 2 )
	=	846.018	/	( (4248.08	+	5205.304)	/ 2 )
	=	846.018	/	4726.692
	=	17.90 %

Henan Lantian 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 )
	=	1118.092	/	( ( (6717.569 - 1512.265)	+	(6696.88 - 1282.634) )	/ 2 )
	=	1118.092	/	( ( 5205.304	+	5414.246 )	/ 2 )
	=	1118.092	/	5309.775
	=	21.06 %

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

Henan Lantian Gas Co (SHSE:605368) 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.

Henan Lantian Gas Co ROCE % Related Terms

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Henan Lantian Gas Co (SHSE:605368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Henan Lantian Gas Co Ltd (SHSE:605368) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West of North Section of Production Stree, Henan Province, Queshan County, Zhumadian, CHN, 463200

Website

http://www.hnltrq.com.cn

Henan Lantian Gas Co Ltd is involved in the natural gas transmission and sales business. The company's natural gas branch has a total length of more than 700 kilometers and covers a population of more than 50 million.

Henan Lantian Gas Co (SHSE:605368) Headlines

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