XinJiang Haoyuan Natural Gas Co (SZSE:002700) ROCE % : 15.65% (As of Sep. 2024)

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What is XinJiang Haoyuan Natural Gas 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. XinJiang Haoyuan Natural Gas Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.65%.

XinJiang Haoyuan Natural Gas Co ROCE % Historical Data

The historical data trend for XinJiang Haoyuan Natural Gas 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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XinJiang Haoyuan Natural Gas Co ROCE % Chart

XinJiang Haoyuan Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.52

-23.72

-28.77

12.68

15.74

XinJiang Haoyuan Natural Gas 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															26.38	6.41	9.21	18.28	15.65

XinJiang Haoyuan Natural Gas Co ROCE % Calculation

XinJiang Haoyuan Natural Gas 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 )
	=	118.433	/	( ( (940.967 - 229.444)	+	(1077.764 - 284.711) )	/ 2 )
	=	118.433	/	( (711.523	+	793.053)	/ 2 )
	=	118.433	/	752.288
	=	15.74 %

XinJiang Haoyuan Natural Gas 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 )
	=	131.352	/	( ( (1080.027 - 238.348)	+	(1057.732 - 220.773) )	/ 2 )
	=	131.352	/	( ( 841.679	+	836.959 )	/ 2 )
	=	131.352	/	839.319
	=	15.65 %

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

XinJiang Haoyuan Natural Gas Co (SZSE:002700) 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.

XinJiang Haoyuan Natural Gas Co ROCE % Related Terms

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XinJiang Haoyuan Natural Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » XinJiang Haoyuan Natural Gas Co Ltd (SZSE:002700) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2 Yingwaati Road, Xinjiang Uygur Autonomous Region, Aksu, CHN, 843000

Website

https://www.hytrq.com

XinJiang Haoyuan Natural Gas Co Ltd is a natural gas company. It is engaged in transportation, distribution and home installation of natural gas.

Executives

Hu Zhong You	Supervisors
Wang Bo	Supervisors
Leng Xin Wei	Directors, executives
Shen Xue Feng	Supervisors
Yu Xiao Wei	Executives
Xue Sun	Supervisors
Zhang Ge Wei	Executives
Zhao Zhi Yong	Independent director
Ceng Chun You	Executives

XinJiang Haoyuan Natural Gas Co Headlines

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