Yanchang Petroleum International (HKSE:00346) ROCE % : 76.65% (As of Dec. 2023)

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What is Yanchang Petroleum International 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. Yanchang Petroleum International's annualized ROCE % for the quarter that ended in Dec. 2023 was 76.65%.

Yanchang Petroleum International ROCE % Historical Data

The historical data trend for Yanchang Petroleum International'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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Yanchang Petroleum International ROCE % Chart

Yanchang Petroleum International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.47

-51.75

28.97

-44.47

50.86

Yanchang Petroleum International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															49.43	-0.31	-90.71	6.77	76.65

Yanchang Petroleum International ROCE % Calculation

Yanchang Petroleum International'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 )
	=	644.544	/	( ( (4518.209 - 3600.546)	+	(3684.542 - 2067.497) )	/ 2 )
	=	644.544	/	( (917.663	+	1617.045)	/ 2 )
	=	644.544	/	1267.354
	=	50.86 %

Yanchang Petroleum International's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1206.268	/	( ( (4121.479 - 2591.084)	+	(3684.542 - 2067.497) )	/ 2 )
	=	1206.268	/	( ( 1530.395	+	1617.045 )	/ 2 )
	=	1206.268	/	1573.72
	=	76.65 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Yanchang Petroleum International (HKSE:00346) 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.

Yanchang Petroleum International ROCE % Related Terms

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Yanchang Petroleum International (HKSE:00346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yanchang Petroleum International Ltd (HKSE:00346) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Hysan Avenue, Causeway Bay, Room 3403, 34th Floor, Lee Garden One, Hong Kong, HKG

Website

http://www.yanchanginternational.com

Yanchang Petroleum International Ltd is engaged in supply and procurement operation of oil-related products. The operating segments of the company are Exploration, exploitation, and operation which comprises the oil and gas exploration, exploitation, sale and operation; and Supply and procurement business segment involves storage, transportation, trading and distribution of oil-related products. It generates maximum revenue from Supply and procurement segment. Geographically, it derives majority revenue from PRC and also has an operation in Canada and Others.

Executives

Shan Xi Yan Zhang Shi You Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Yan Zhang Shi You Ji Tuan Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong Tou Zi Xiang Gang You Xian Gong Si	2101 Beneficial owner
Chang An Hui Tong You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you

Yanchang Petroleum International (HKSE:00346) Headlines

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