Guangdong Shaoneng Group Co (SZSE:000601) ROCE % : 10.89% (As of Jun. 2024)

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What is Guangdong Shaoneng Group 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. Guangdong Shaoneng Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.89%.

Guangdong Shaoneng Group Co ROCE % Historical Data

The historical data trend for Guangdong Shaoneng Group 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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Guangdong Shaoneng Group Co ROCE % Chart

Guangdong Shaoneng Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.08

5.76

3.64

1.92

-0.31

Guangdong Shaoneng Group Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															6.50	4.23	-13.82	4.71	10.89

Guangdong Shaoneng Group Co ROCE % Calculation

Guangdong Shaoneng Group 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 )
	=	-30.831	/	( ( (13158.825 - 3068.78)	+	(13074.386 - 3518.703) )	/ 2 )
	=	-30.831	/	( (10090.045	+	9555.683)	/ 2 )
	=	-30.831	/	9822.864
	=	-0.31 %

Guangdong Shaoneng Group Co'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1092.392	/	( ( (13349.202 - 3358.291)	+	(12862.545 - 2797.2) )	/ 2 )
	=	1092.392	/	( ( 9990.911	+	10065.345 )	/ 2 )
	=	1092.392	/	10028.128
	=	10.89 %

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

Guangdong Shaoneng Group Co (SZSE:000601) 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.

Guangdong Shaoneng Group Co ROCE % Related Terms

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Guangdong Shaoneng Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Guangdong Shaoneng Group Co Ltd (SZSE:000601) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16 Yanjiang Road, Wujiang District, Guangdong, Shaoguan, CHN, 512026

Website

http://www.shaoneng.com.cn

Guangdong Shaoneng Group Co Ltd is a China-based company primarily focused on the energy, ecological plant fiber products and precision manufacturing investment development and management. It is engaged in the hydraulic and thermal electric power generation, as well as the production of machinery, paper products, and cement in China.

Executives

Yuan Yong Hui	Executives
Guo Jing Tong	Supervisors
Qiu Qi Hua	Executives
Chen Lai Quan	Director
Hu Qi Jin	Directors, Directors, and Executives
Li Yi Feng	Supervisors
Xiao Nan Gui	Directors, executives
Ou De Quan	Executives
Liao Shu Yang	Supervisors
Zhong Yue Yuan	Executives
Ceng Mei	Supervisors
Liu Hong	Executives
Luo De Qiang	Executives
Xu Bing	Director
Zheng Jian	Executives

Guangdong Shaoneng Group Co Headlines

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