Shandong High Speed Renewable Energy Group (SZSE:000803) ROCE % : 6.28% (As of Sep. 2024)

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What is Shandong High Speed Renewable Energy Group 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. Shandong High Speed Renewable Energy Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.28%.

Shandong High Speed Renewable Energy Group ROCE % Historical Data

The historical data trend for Shandong High Speed Renewable Energy Group'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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Shandong High Speed Renewable Energy Group ROCE % Chart

Shandong High Speed Renewable Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-191.93

17.11

8.28

7.26

5.25

Shandong High Speed Renewable Energy Group 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															1.32	2.25	5.58	-1.83	6.28

Shandong High Speed Renewable Energy Group ROCE % Calculation

Shandong High Speed Renewable Energy Group'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 )
	=	176.392	/	( ( (5582.93 - 2403.991)	+	(5397.247 - 1856.614) )	/ 2 )
	=	176.392	/	( (3178.939	+	3540.633)	/ 2 )
	=	176.392	/	3359.786
	=	5.25 %

Shandong High Speed Renewable Energy Group'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 )
	=	210.644	/	( ( (5219.732 - 1871.752)	+	(5211.07 - 1847.237) )	/ 2 )
	=	210.644	/	( ( 3347.98	+	3363.833 )	/ 2 )
	=	210.644	/	3355.9065
	=	6.28 %

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

Shandong High Speed Renewable Energy Group (SZSE:000803) 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.

Shandong High Speed Renewable Energy Group ROCE % Related Terms

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Shandong High Speed Renewable Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shandong High Speed Renewable Energy Group Ltd (SZSE:000803) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 9, Section 9, South Luhua Road, No. 4, 12th Floor, Building 8, Renhe Spring Garden, Shunqing District, Sichuan Province, Nanchong, CHN, 101117

Website

http://www.000803.cn

Shandong High Speed Renewable Energy Group Ltd is engaged in the harmless treatment and resource utilization of organic kitchen solid waste and urban clean heating.

Executives

Xie Xin	Director
Song Yu Fei	Secretary Dong
Xie Li Juan	Executives
Kuang Zhi Wei	Director
Gan Hai Nan	Directors, executives
Wang Kai Jun	Director
Jiang Xiang Chun	Executives
Peng Ke Yun	Director
Pan Jian Ping	Supervisors
Luo Xiong Fei	Directors, executives

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