Hengsheng Energy Co (SHSE:605580) ROCE % : 13.01% (As of Mar. 2024)

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What is Hengsheng Energy 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. Hengsheng Energy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.01%.

Hengsheng Energy Co ROCE % Historical Data

The historical data trend for Hengsheng Energy 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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Hengsheng Energy Co ROCE % Chart

Hengsheng Energy Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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47.41

45.59

27.84

20.23

17.58

Hengsheng Energy Co Quarterly Data
	Dec18	Jun19	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															15.16	18.23	23.25	17.95	13.01

Hengsheng Energy Co ROCE % Calculation

Hengsheng Energy 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 )
	=	178.294	/	( ( (1146.164 - 191.211)	+	(1368.276 - 294.508) )	/ 2 )
	=	178.294	/	( (954.953	+	1073.768)	/ 2 )
	=	178.294	/	1014.3605
	=	17.58 %

Hengsheng Energy 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 )
	=	141.688	/	( ( (1368.276 - 294.508)	+	(1512.413 - 407.902) )	/ 2 )
	=	141.688	/	( ( 1073.768	+	1104.511 )	/ 2 )
	=	141.688	/	1089.1395
	=	13.01 %

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

Hengsheng Energy Co (SHSE:605580) 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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Hengsheng Energy Co (SHSE:605580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hengsheng Energy Co Ltd (SHSE:605580) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 10 Xingbei Road, Longyou Industrial Park, Longyou County, Zhejiang Province, Quzhou, CHN, 324400

Website

Hengsheng Energy Co Ltd is engaged in the production and supply of steam, the production and sale of electricity.

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