Guangdong Baolihua New Energy Stock Co (SZSE:000690) ROCE % : 7.43% (As of Sep. 2024)

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What is Guangdong Baolihua New Energy Stock 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 Baolihua New Energy Stock Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.43%.

Guangdong Baolihua New Energy Stock Co ROCE % Historical Data

The historical data trend for Guangdong Baolihua New Energy Stock 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 Baolihua New Energy Stock Co ROCE % Chart

Guangdong Baolihua New Energy Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.73

16.76

7.95

2.74

8.02

Guangdong Baolihua New Energy Stock Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.68	8.09	7.14	5.83	7.43

Guangdong Baolihua New Energy Stock Co ROCE % Calculation

Guangdong Baolihua New Energy Stock 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 )
	=	1341.818	/	( ( (20096.412 - 3999.125)	+	(20807.059 - 3456.845) )	/ 2 )
	=	1341.818	/	( (16097.287	+	17350.214)	/ 2 )
	=	1341.818	/	16723.7505
	=	8.02 %

Guangdong Baolihua New Energy Stock Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1289.52	/	( ( (21057.38 - 4014.002)	+	(21548.554 - 3880.203) )	/ 2 )
	=	1289.52	/	( ( 17043.378	+	17668.351 )	/ 2 )
	=	1289.52	/	17355.8645
	=	7.43 %

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

Guangdong Baolihua New Energy Stock Co (SZSE:000690) 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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Guangdong Baolihua New Energy Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Guangdong Baolihua New Energy Stock Co Ltd (SZSE:000690) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Baolihua Complex, Overseas Chinese Town, Guangdong, Meixian, CHN, 514788

Website

http://www.baolihua.com.cn

Guangdong Baolihua New Energy Stock Co Ltd is a China-based company engaged in power generation business.

Executives

Ning Yuan Xi	Director
Ding Zhen Zhen	Directors, executives
Zou Meng Hong	Director
Zhang Ming Jing	Executives
Ye Yao Rong	Director
Li Zhi Xian	Supervisors
Ye Fu Zhong	Executives
Rao Qian He	Supervisors
Zhang Jian Feng	Executives
Lin Jin Ping	Directors, executives

Guangdong Baolihua New Energy Stock Co Headlines

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