Beiken Energy Group Co (SZSE:002828) ROCE % : 13.81% (As of Sep. 2024)

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What is Beiken Energy 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. Beiken Energy Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.81%.

Beiken Energy Group Co ROCE % Historical Data

The historical data trend for Beiken Energy 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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Beiken Energy Group Co ROCE % Chart

Beiken Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.04

5.64

5.67

-33.01

10.46

Beiken Energy Group 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															12.42	8.17	10.91	3.17	13.81

Beiken Energy Group Co ROCE % Calculation

Beiken Energy 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 )
	=	68.395	/	( ( (2023.17 - 1339.347)	+	(1923.114 - 1299.705) )	/ 2 )
	=	68.395	/	( (683.823	+	623.409)	/ 2 )
	=	68.395	/	653.616
	=	10.46 %

Beiken Energy Group 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 )
	=	83.932	/	( ( (1702.26 - 1100.664)	+	(1751.647 - 1137.286) )	/ 2 )
	=	83.932	/	( ( 601.596	+	614.361 )	/ 2 )
	=	83.932	/	607.9785
	=	13.81 %

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

Beiken Energy Group Co (SZSE:002828) 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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Beiken Energy Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beiken Energy Group Co Ltd (SZSE:002828) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 91, Menchu Road, Baijiantan District, Xinjiang Uygur Autonomous Region, Karamay, CHN

Website

http://www.beiken.com

Beiken Energy Group Co Ltd provides drilling engineering technical service and other oilfield technical services in the procedure of gas and oil exploration and development. It offers drilling, cementing, and drilling fluid service.

Executives

Zhang Zhi Qiang	Supervisors
Wu Yun Yi	Director
Jiang Li	Secretary, Director
Liu Xin	Supervisors
Dai Mei Qiong	Director
Li Qing Shan	Director
	Secretary Dong
Chen Ping Gui	Directors, executives
Ding Zhan	Securities Affairs Representative

Beiken Energy Group Co Headlines

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