Geo Jade Petroleum (SHSE:600759) ROCE % : 6.20% (As of Mar. 2024)

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What is Geo Jade Petroleum 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. Geo Jade Petroleum's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.20%.

Geo Jade Petroleum ROCE % Historical Data

The historical data trend for Geo Jade Petroleum'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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Geo Jade Petroleum ROCE % Chart

Geo Jade Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.74

7.36

-3.49

-0.25

27.36

Geo Jade Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.71	8.03	9.63	88.47	6.20

Geo Jade Petroleum ROCE % Calculation

Geo Jade Petroleum'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 )
	=	2721.801	/	( ( (13020.581 - 4615.835)	+	(12847.62 - 1353.052) )	/ 2 )
	=	2721.801	/	( (8404.746	+	11494.568)	/ 2 )
	=	2721.801	/	9949.657
	=	27.36 %

Geo Jade Petroleum's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	719.44	/	( ( (12847.62 - 1353.052)	+	(12715.323 - 1002.803) )	/ 2 )
	=	719.44	/	( ( 11494.568	+	11712.52 )	/ 2 )
	=	719.44	/	11603.544
	=	6.20 %

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

Geo Jade Petroleum (SHSE:600759) 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.

Geo Jade Petroleum ROCE % Related Terms

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Geo Jade Petroleum (SHSE:600759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Geo Jade Petroleum Corp (SHSE:600759) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Xiayun Road, Eagle building, Abloack level3 (3A), Chaoyang District, Beijing, CHN

Website

http://www.geojade.com

Geo Jade Petroleum Corp is a China-based oil and gas exploration and development company. Its projects include Maten Petroleum, KoZhaN JSC, North Caspian Petroleum and Sozak Oil and Gas. In addition, the company is also involved in the investment management business.

Executives

Zhang Shi Ming	Director
Guo Yi	Director
Wang Wen Tao	Director
Liu Jian Feng	senior management
Lang Ying	Director
Liao Yong	Supervisors
Tan Xuan	senior management
Huang Jie	Supervisors
Yu Yang	Supervisors
He Xi	senior management
Hu Hui Ping	senior management
Chen Xue Yun	senior management
Qu Ning	senior management
Wu Guang Da	Supervisors
Fan Hui	senior management

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