SPT Energy Group (HKSE:01251) ROCE % : 3.37% (As of Dec. 2023)

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What is SPT Energy Group 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. SPT Energy Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.37%.

SPT Energy Group ROCE % Historical Data

The historical data trend for SPT Energy Group'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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SPT Energy Group ROCE % Chart

SPT Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.97

-4.34

3.45

3.49

3.60

SPT Energy Group 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															1.42	4.44	2.94	3.74	3.37

SPT Energy Group ROCE % Calculation

SPT Energy Group'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 )
	=	53.911	/	( ( (3218.995 - 1755.486)	+	(3184.217 - 1650.75) )	/ 2 )
	=	53.911	/	( (1463.509	+	1533.467)	/ 2 )
	=	53.911	/	1498.488
	=	3.60 %

SPT Energy Group'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 )
	=	51.732	/	( ( (3161.624 - 1622.392)	+	(3184.217 - 1650.75) )	/ 2 )
	=	51.732	/	( ( 1539.232	+	1533.467 )	/ 2 )
	=	51.732	/	1536.3495
	=	3.37 %

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

SPT Energy Group (HKSE:01251) 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.

SPT Energy Group ROCE % Related Terms

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SPT Energy Group (HKSE:01251) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SPT Energy Group Inc (HKSE:01251) » Definitions » ROCE %

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SEGYY:USA

Address

Jia No. 8 Hongjunying East Road, 5th Floor, Hongmao Commercial Building, Chaoyang District, Beijing, CHN, 100012

Website

https://www.sptenergygroup.com

SPT Energy Group Inc is an investment holding company engaged in the provision of integrated oilfield services and the manufacturing and sale of oilfield services-related products. Its operating segments are Drilling, Well Completion, Reservoir and others. Majority of revenue is generated from Reservoir segment. The company's geographical segments are China, Kazakhstan, Turkmenistan, Canada, Indonesia, the Middle East, and Others, of which China accounts for the majority of its revenue.

Executives

Wang Guoqiang
Wu Ethan
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Jiang Jinzhi	2201 Interest of corporation controlled by you

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