Sinopec Kantons Holdings (STU:SAK) ROCE % : 9.54% (As of Jun. 2024)

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What is Sinopec Kantons Holdings 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. Sinopec Kantons Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.54%.

Sinopec Kantons Holdings ROCE % Historical Data

The historical data trend for Sinopec Kantons Holdings'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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Sinopec Kantons Holdings ROCE % Chart

Sinopec Kantons Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.81

7.84

4.11

8.92

8.25

Sinopec Kantons Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															2.46	10.43	7.63	9.54	6.76

Sinopec Kantons Holdings ROCE % Calculation

Sinopec Kantons Holdings'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 )
	=	164.604	/	( ( (1862.424 - 28.352)	+	(1881.862 - 26.849) )	/ 2 )
	=	164.604	/	( (1834.072	+	1855.013)	/ 2 )
	=	164.604	/	1844.5425
	=	8.92 %

Sinopec Kantons Holdings's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	179.304	/	( ( (1881.862 - 26.849)	+	(1924.349 - 18.41) )	/ 2 )
	=	179.304	/	( ( 1855.013	+	1905.939 )	/ 2 )
	=	179.304	/	1880.476
	=	9.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Sinopec Kantons Holdings (STU:SAK) 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.

Sinopec Kantons Holdings ROCE % Related Terms

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Sinopec Kantons Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Kantons Holdings Ltd (STU:SAK) » Definitions » ROCE %

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SPKOY:USA 00934:Hong Kong SAK:Germany

Address

18 Whitfield Road, 34th Floor, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

http://www.sinopec.com.hk

Sinopec Kantons Holdings Ltd is a company that operates in the storage, logistics, and trading industry. It provides crude oil and oil product terminals, ancillary facilities, and logistics services including storage, transportation, and terminal services. The company has two main segments: the crude oil jetty and storage services segment which caters to crude oil transportation, unloading, storage, and other jetty services for oil tankers in the PRC, Europe, and the Middle East, and the vessel chartering and logistics services segment which provides vessel chartering services for liquefied natural gas transportation in the PRC, Australia, and Papua New Guinea. The majority of the company's revenue is generated from the crude oil jetty and storage services segment.

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