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China Resources Gas Group (HKSE:01193) 5-Year RORE % : 3.30% (As of Jun. 2024)


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What is China Resources Gas Group 5-Year RORE %?

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. China Resources Gas Group's 5-Year RORE % for the quarter that ended in Jun. 2024 was 3.30%.

The industry rank for China Resources Gas Group's 5-Year RORE % or its related term are showing as below:

HKSE:01193's 5-Year RORE % is ranked worse than
62.05% of 469 companies
in the Utilities - Regulated industry
Industry Median: 9.07 vs HKSE:01193: 3.30

China Resources Gas Group 5-Year RORE % Historical Data

The historical data trend for China Resources Gas Group's 5-Year RORE % 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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China Resources Gas Group 5-Year RORE % Chart

China Resources Gas Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
5-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.72 11.58 15.06 0.57 0.13

China Resources Gas Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
5-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.19 0.57 2.03 0.13 3.30

Competitive Comparison of China Resources Gas Group's 5-Year RORE %

For the Utilities - Regulated Gas subindustry, China Resources Gas Group's 5-Year RORE %, along with its competitors' market caps and 5-Year RORE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Resources Gas Group's 5-Year RORE % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's 5-Year RORE % distribution charts can be found below:

* The bar in red indicates where China Resources Gas Group's 5-Year RORE % falls into.



China Resources Gas Group 5-Year RORE % Calculation

China Resources Gas Group's 5-Year RORE % for the quarter that ended in Jun. 2024 is calculated as:

5-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 5-year -Cumulative Dividends per Share for 5-year )
=( 2.26-2.041 )/( 11.91-5.277 )
=0.219/6.633
=3.30 %

* 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.

In the calculation of 5-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Jun. 2024 and 5-year before.


China Resources Gas Group  (HKSE:01193) 5-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 5-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


China Resources Gas Group 5-Year RORE % Related Terms

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China Resources Gas Group Business Description

Traded in Other Exchanges
Address
26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2023, CRG's portfolio comprised 276 city gas projects in China. The firm achieved annual gas sales volume of 38.8 billion cubic meters and has connected 57.3 million residential customers, or a penetration rate of 59.3%.
Executives
Jpmorgan Chase & Co. 2502 Approved lending agent
The Capital Group Companies, Inc. 2201 Interest of corporation controlled by you
China Resources Company Limited
Crh (gas) Limited

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