Shin Shin Natural Gas Co (TPE:9918) ROCE % : 18.18% (As of Mar. 2024)

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What is Shin Shin 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. Shin Shin Natural Gas Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.18%.

Shin Shin Natural Gas Co ROCE % Historical Data

The historical data trend for Shin Shin 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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Shin Shin Natural Gas Co ROCE % Chart

Shin Shin Natural Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.94

9.53

9.19

4.89

9.35

Shin Shin Natural Gas Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.96	9.24	4.02	8.40	18.18

Shin Shin Natural Gas Co ROCE % Calculation

Shin Shin 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 )
	=	417.119	/	( ( (5327.931 - 988.751)	+	(5749.623 - 1169.391) )	/ 2 )
	=	417.119	/	( (4339.18	+	4580.232)	/ 2 )
	=	417.119	/	4459.706
	=	9.35 %

Shin Shin Natural Gas Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	832.904	/	( ( (5749.623 - 1169.391)	+	(5839.235 - 1258.832) )	/ 2 )
	=	832.904	/	( ( 4580.232	+	4580.403 )	/ 2 )
	=	832.904	/	4580.3175
	=	18.18 %

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

Shin Shin Natural Gas Co (TPE:9918) 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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Shin Shin Natural Gas Co (TPE:9918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shin Shin Natural Gas Co Ltd (TPE:9918) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 100, Section 1, Yonghe Road, Yonghe District, Taipei, TWN

Website

https://www.shinshingas.com.tw

Shin Shin Natural Gas Co Ltd is a Taiwan-based company engaged in the transmission of combustible natural gas by pipeline for non-industrial fuel supply, the installation of gas pipeline construction, and other related natural gas industry and affiliated businesses. The company mainly operates in two segments which are the Gas sales segment mainly responsible for the supply of natural gas to customers through pipelines and the Installation segment mainly responsible for the installation of natural gas transmission pipelines and gas safety equipment.

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