Shin Hai Gas (TPE:9926) ROCE % : 10.05% (As of Sep. 2024)

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What is Shin Hai Gas 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 Hai Gas's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.05%.

Shin Hai Gas ROCE % Historical Data

The historical data trend for Shin Hai Gas'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 Hai Gas ROCE % Chart

Shin Hai Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.91

9.73

9.87

9.72

9.74

Shin Hai Gas 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															9.82	6.33	10.10	11.60	10.05

Shin Hai Gas ROCE % Calculation

Shin Hai Gas'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 )
	=	572.491	/	( ( (7641.355 - 1962.505)	+	(8301.073 - 2221.186) )	/ 2 )
	=	572.491	/	( (5678.85	+	6079.887)	/ 2 )
	=	572.491	/	5879.3685
	=	9.74 %

Shin Hai Gas'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 )
	=	631.856	/	( ( (8668.556 - 2411.731)	+	(8484.902 - 2161.586) )	/ 2 )
	=	631.856	/	( ( 6256.825	+	6323.316 )	/ 2 )
	=	631.856	/	6290.0705
	=	10.05 %

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

Shin Hai Gas (TPE:9926) 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.

Shin Hai Gas ROCE % Related Terms

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Shin Hai Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shin Hai Gas Corp (TPE:9926) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Lixing Road, No. 52, Section 1, Sanchong District, Taipei, TWN

Website

https://www.shinhaigas.com.tw

Shin Hai Gas Corp is mainly engaged in natural gas supply service, natural gas transmission system construction, sale and installation of gas equipment, and operation and investment of type 1 telecommunications enterprise.

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