China Southern Power Grid Technology Co (SHSE:688248) ROCE % : 11.85% (As of Dec. 2024)

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What is China Southern Power Grid Technology 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. China Southern Power Grid Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.85%.

China Southern Power Grid Technology Co ROCE % Historical Data

The historical data trend for China Southern Power Grid Technology 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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China Southern Power Grid Technology Co ROCE % Chart

China Southern Power Grid Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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10.30

8.21

8.65

11.23

13.40

China Southern Power Grid Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															18.98	6.18	21.57	14.01	11.85

China Southern Power Grid Technology Co ROCE % Calculation

China Southern Power Grid Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	413.615	/	( ( (4618.181 - 1639.281)	+	(4710.086 - 1516.254) )	/ 2 )
	=	413.615	/	( (2978.9	+	3193.832)	/ 2 )
	=	413.615	/	3086.366
	=	13.40 %

China Southern Power Grid Technology Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	377.668	/	( ( (4241.779 - 1063.066)	+	(4710.086 - 1516.254) )	/ 2 )
	=	377.668	/	( ( 3178.713	+	3193.832 )	/ 2 )
	=	377.668	/	3186.2725
	=	11.85 %

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

China Southern Power Grid Technology Co (SHSE:688248) 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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China Southern Power Grid Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Southern Power Grid Technology Co Ltd (SHSE:688248) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1-3, Hamao New Street, Xihua Road, Room 501-503, Annex Building, Huaye Building, Yuexiu District, Guangdong Provin, Guangzhou, CHN, 510170

Website

China Southern Power Grid Technology Co Ltd is engaged in providing a comprehensive solution of technical services and smart equipment to ensure the safe operation and efficiency improvement of the power energy system.

Executives

Li Ai Min	senior management
Luo Jia	Core technical personnel
Wu Yi Zhu	Director
Zhao Zi Yi	senior management
Jiang Hai Long	Directors, senior managers
Lin Guo Ying	Senior management, core technical personnel
Liao Hong Kai	senior management
Zhang Chao Shu	senior management
Tian Feng	Supervisors

China Southern Power Grid Technology Co Headlines

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