Shandong Shengli Co (SZSE:000407) 5-Year RORE % : 5.62% (As of Mar. 2024)

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What is Shandong Shengli Co 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. Shandong Shengli Co's 5-Year RORE % for the quarter that ended in Mar. 2024 was 5.62%.

The industry rank for Shandong Shengli Co's 5-Year RORE % or its related term are showing as below:

SZSE:000407's 5-Year RORE % is ranked better than
53.74% of 923 companies
in the Oil & Gas industry
Industry Median: 0.42 vs SZSE:000407: 5.62

Shandong Shengli Co 5-Year RORE % Historical Data

The historical data trend for Shandong Shengli Co'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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Shandong Shengli Co 5-Year RORE % Chart

Shandong Shengli Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

5-Year RORE %

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933.33

494.23

9.78

7.75

2.96

Shandong Shengli Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
5-Year RORE %	Get a 7-Day Free Trial															6.50	3.51	-4.21	2.96	5.62

Competitive Comparison of Shandong Shengli Co's 5-Year RORE %

For the Oil & Gas Refining & Marketing subindustry, Shandong Shengli Co'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.

Shandong Shengli Co's 5-Year RORE % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Shengli Co's 5-Year RORE % distribution charts can be found below:

* The bar in red indicates where Shandong Shengli Co's 5-Year RORE % falls into.

Shandong Shengli Co 5-Year RORE % Calculation

Shandong Shengli Co's 5-Year RORE % for the quarter that ended in Mar. 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 )
	=	( 0.167	-	0.13 )	/	( 0.768	-	0.11 )
	=	0.037	/	0.658
	=	5.62 %

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

Shandong Shengli Co (SZSE:000407) 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.

Shandong Shengli Co 5-Year RORE % Related Terms

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Shandong Shengli Co (SZSE:000407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Shengli Co Ltd (SZSE:000407) » Definitions » 5-Year RORE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2238 Tianchen Avenue, New and High Technology Industrial Development Zone, Jinan, Shandong, CHN, 250101

Website

http://www.vicome.com

Shandong Shengli Co Ltd operates in the gas production and supply industry. The company is engaged in natural gas, plastic pipe, and other industrial fields. The activities of the company include investing, constructing, and operating a natural gas business which involves natural gas transmission and distribution pipelines, natural gas urban pipeline networks, liquefied natural gas, and compressed natural gas.

Executives

Yan Zhang Yong	Directors, executives
Meng Lian	Supervisors
Sun Bo Wu	Executives
Du Yi Hong	Directors, Directors, and Executives
Liu Zhi Qiang	Supervisors
Cui Shao Hua	Independent director
Zang Qi Wen	Directors, executives
Zhu Xiao Fang	Director
Sui Li Zu	Director
Ma Ying	Director

Shandong Shengli Co (SZSE:000407) Headlines

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