Shenzhen Nanshan Power Co (SZSE:000037) ROCE % : -6.56% (As of Mar. 2024)

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What is Shenzhen Nanshan Power 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. Shenzhen Nanshan Power Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.56%.

Shenzhen Nanshan Power Co ROCE % Historical Data

The historical data trend for Shenzhen Nanshan Power 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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Shenzhen Nanshan Power Co ROCE % Chart

Shenzhen Nanshan Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.58

4.61

-24.60

-9.08

1.04

Shenzhen Nanshan Power 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															-6.99	-1.13	2.39	9.54	-6.56

Shenzhen Nanshan Power Co ROCE % Calculation

Shenzhen Nanshan Power 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 )
	=	16.394	/	( ( (2606.216 - 1085.922)	+	(2049.365 - 412.808) )	/ 2 )
	=	16.394	/	( (1520.294	+	1636.557)	/ 2 )
	=	16.394	/	1578.4255
	=	1.04 %

Shenzhen Nanshan Power 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 )
	=	-106.38	/	( ( (2049.365 - 412.808)	+	(2055.456 - 448.944) )	/ 2 )
	=	-106.38	/	( ( 1636.557	+	1606.512 )	/ 2 )
	=	-106.38	/	1621.5345
	=	-6.56 %

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

Shenzhen Nanshan Power Co (SZSE:000037) 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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Shenzhen Nanshan Power Co (SZSE:000037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Nanshan Power Co Ltd (SZSE:000037) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

200037:China

Address

OCT, Nanshan District, 16th-17th Floor, Hantang Building, Guangdong Province, Shenzhen, CHN, 518053

Website

http://www.nsrd.com.cn

Shenzhen Nanshan Power Co Ltd is engaged in power and thermal supply, as well as providing technical consulting and technical services for power stations. The company has two wholly-owned or holding gas turbine plants, which are equipped with seven sets of 9E gas-steam combined cycle power generating units. These two gas turbine plants are all located in the power load center of the Pearl River Delta area, which is the main peaking power source in their areas. Its segments include Power and Heat Supply, Fuel Oil Trade, and other business.

Executives

Ye Qi Liang	Supervisors
Wu Dong Xiang	Directors, executives
Huang Jian	Executives
Yang Hai Xian	Director
Yang Wen Hua	Director
Li Hong Sheng	Director
Peng Bo	Supervisors
Wang Ren Dong	Executives

Shenzhen Nanshan Power Co (SZSE:000037) Headlines

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